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Social Choice with Analytic Preferences

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  • Le Breton, M.
  • Weymark, J.A.

Abstract

Arrow's axioms for social welfare functions are shown to be inconsistent when the set of alternatives is the nonnegative orthant in a multidimensional Euclidean space and preferences are assumed to be either the set of analytic classical economic preferences or the set of Euclidean spatial preferences. When either of these preference domains is combined with an agenda domain consisting of compact sets with nonempty interiors, strengthened versions of the Arrovian social choice correspondence axioms are shown to be consistent. To help establish the economic possibility theorem, an ordinal version of the Analytic Continuation Principle is developed.

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Bibliographic Info

Paper provided by Universite Aix-Marseille III in its series G.R.E.Q.A.M. with number 91a02.

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Length: 24 pages
Date of creation: 1991
Date of revision:
Handle: RePEc:fth:aixmeq:91a02

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Postal: G.R.E.Q.A.M., (GROUPE DE RECHERCHE EN ECONOMIE QUANTITATIVE D'AIX MARSEILLE), CENTRE DE VIEILLE CHARITE, 2 RUE DE LA CHARITE, 13002 MARSEILLE.
Phone: 04.91.14.07.70
Fax: 04.91.90.02.27
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Web page: http://www.greqam.fr/
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Related research

Keywords: economic theory ; microeconomics ; welfare ; political problems;

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References

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  1. Campbell, Donald E., 1993. "Euclidean individual preference and continuous social preference," European Journal of Political Economy, Elsevier, vol. 9(4), pages 541-550, November.
  2. EHLERS, Lars & STORCKEN, Ton, 2002. "Arrow's Theorem in Spatial Environments," Cahiers de recherche 2002-03, Universite de Montreal, Departement de sciences economiques.
  3. Ehud Kalai & Eitan Muller & Mark Satterthwaite, 1979. "Social welfare functions when preferences are convex, strictly monotonic, and continuous," Public Choice, Springer, vol. 34(1), pages 87-97, March.
  4. DEBREU, Gérard, . "Smooth preferences," CORE Discussion Papers RP -132, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  5. Donaldson, David & Weymark, John A., 1988. "Social choice in economic environments," Journal of Economic Theory, Elsevier, vol. 46(2), pages 291-308, December.
  6. Kannai, Yakar, 1974. "Approximation of convex preferences," Journal of Mathematical Economics, Elsevier, vol. 1(2), pages 101-106, August.
  7. LeBreton, M., 1994. "Arrovian Social Choice on Economic Domains," G.R.E.Q.A.M. 94a37, Universite Aix-Marseille III.
  8. Kannai, Yakar, 1970. "Continuity Properties of the Core of a Market," Econometrica, Econometric Society, vol. 38(6), pages 791-815, November.
  9. Debreu, Gerard, 1976. "Smooth Preferences: A Corrigendum," Econometrica, Econometric Society, vol. 44(4), pages 831-32, July.
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Citations

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Cited by:
  1. Ehlers, Lars & Storcken, Ton, 2007. "Oligarchies in Spatial Environments," Research Memorandum 042, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  2. Ehlers,Lars & Storcken,Ton, 2001. "Arrow's Theorem in Spatial Environments," Research Memorandum 006, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  3. Walter Bossert & John A. Weymark, 2006. "Social Choice: Recent Developments," Vanderbilt University Department of Economics Working Papers 0603, Vanderbilt University Department of Economics.
  4. 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.

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