Arrow's Impossibility Theorem: Preference Diversity in a Single-Profile World
AbstractIn this paper we provide a simple new version of Arrowâs impossibility theorem, in a world with only one preference profile. This theorem relies on a new assumption of preference diversity, and we explore alternative notions of preference diversity at length.
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Bibliographic InfoPaper provided by Brown University, Department of Economics in its series Working Papers with number 2007-12.
Date of creation: 2007
Date of revision:
Contact details of provider:
Postal: Department of Economics, Brown University, Providence, RI 02912
Other versions of this item:
- Roberto Serrano & Allan M. Feldman, 2007. "Arrow’S Impossibility Theorem: Preference Diversity In A Single-Profile World," Working Papers wp2007_0710, CEMFI.
- D60 - Microeconomics - - Welfare Economics - - - General
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-09-24 (All new papers)
- NEP-CDM-2007-09-24 (Collective Decision-Making)
- NEP-DCM-2007-09-24 (Discrete Choice Models)
- NEP-GTH-2007-09-24 (Game Theory)
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