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Multi-profile intertemporal social choice: a survey

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  • Bossert, Walter
  • Suzumura, Kotaro

Abstract

We provide a brief survey of some literature on intertemporal social choice theory in a multi-profile setting. As is well-known, Arrow’s impossibility result hinges on the assumption that the population is finite. For infinite populations, there exist non-dictatorial social welfare functions satisfying Arrow’s axioms and they can be described by their corresponding collections of decisive coalitions. We review contributions that explore whether this possibility in the infinite-population context allows for a richer class of social welfare functions in an intergenerational model. Different notions of stationarity formulated for individual and for social preferences are examined.

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Bibliographic Info

Paper provided by Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University in its series CIS Discussion paper series with number 591.

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Length: 19 p.
Date of creation: Mar 2013
Date of revision:
Handle: RePEc:hit:cisdps:591

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Keywords: Infinite-population social choice; multi-profile social choice; decisiveness; intergenerational choice;

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  1. Campbell, Donald E., 1990. "Intergenerational social choice without the Pareto principle," Journal of Economic Theory, Elsevier, vol. 50(2), pages 414-423, April.
  2. Kirman, Alan P. & Sondermann, Dieter, 1972. "Arrow's theorem, many agents, and invisible dictators," Journal of Economic Theory, Elsevier, vol. 5(2), pages 267-277, October.
  3. Sen, Amartya, 1995. "Rationality and Social Choice," American Economic Review, American Economic Association, vol. 85(1), pages 1-24, March.
  4. Bossert, Walter & Suzumura, Kotaro, 2010. "Consistency, Choice, and Rationality," Economics Books, Harvard University Press, number 9780674052994.
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