Transitive Social Choice in Economic Environments
AbstractAssume a finite society, a standard space of allocations of private goods, and a domain of profiles of classical economic preferences. If social preference is expressed as a continuous preorder, then a social welfare function satisfies Arrow's independence axiom if and only if it is constant or completely authoritarian. (An authoritarian rule is one that is either dictatorial or inversely dictatorial.) Copyright 1992 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.
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Bibliographic InfoArticle provided by Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association in its journal International Economic Review.
Volume (Year): 33 (1992)
Issue (Month): 2 (May)
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- Michel Le Breton & John A. Weymark, 2002.
"Arrovian Social Choice Theory on Economic Domains,"
Vanderbilt University Department of Economics Working Papers
0206, Vanderbilt University Department of Economics, revised Sep 2003.
- Luc Lauwers, 1999.
"Topological Social Choice,"
Center for Economic Studies - Discussion papers
ces9912, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
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