Arrow`s Theorem and the Gibbard-Satterthwaite Theorem as Special Cases of a Single Theorem
AbstractThis paper shows that both Arrow`s Theorem and the Gibbard-Satterthwaite Theorem follow from a single impossibility theorem. This theorem states that two properties - Pareto efficiency and a condition called Preference Reversal - lead to the dictatorship result.
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Bibliographic InfoPaper provided by Tel Aviv in its series Papers with number 2001-11.
Length: 10 pages
Date of creation: 2001
Date of revision:
Contact details of provider:
Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.
Web page: http://econ.tau.ac.il/research/foerder.asp
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EFFICIENCY ; SOCIAL ASPECTS ; PREFERENCES;
Find related papers by JEL classification:
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
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- Salvador Barberà, 2003.
"A Theorem on Preference Aggregation,"
166, Barcelona Graduate School of Economics.
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