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On the equivalence of the Arrow impossibility theorem and the Brouwer fixed point theorem when individual preferences are weak orders

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Author Info
Tanaka, Yasuhito
Abstract

We will show that in the case where there are two individuals and three alternatives (or under the assumption of the free-triple property), and individual preferences are weak orders (which may include indifference relations), the Arrow impossibility theorem [Arrow, K.J., 1963. Social Choice and Individual Values, second ed. Yale University Press] that there exists no binary social choice rule which satisfies the conditions of transitivity, Pareto principle, independence of irrelevant alternatives, and non-existence of dictator is equivalent to the Brouwer fixed point theorem on a 2-dimensional ball (circle). Our study is an application of ideas by Chichilnisky [Chichilnisky, G., 1979. On fixed points and social choice paradoxes. Economics Letters 3, 347-351] to a discrete social choice problem, and also it is in line with the work by Baryshnikov [Baryshnikov, Y., 1993. Unifying impossibility theorems: a topological approach. Advances in Applied Mathematics 14, 404-415].

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Publisher Info
Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 45 (2009)
Issue (Month): 3-4 (March)
Pages: 241-249
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Handle: RePEc:eee:mateco:v:45:y:2009:i:3-4:p:241-249

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Web page: http://www.elsevier.com/locate/jmateco

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Related research
Keywords: The Arrow impossibility theorem Weak orders Homology groups of simplicial complexes The Brouwer fixed point theorem;

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This page was last updated on 2009-12-3.


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