Multi-profile intertemporal social choice: a survey
AbstractWe 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 InfoPaper provided by Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University in its series CIS Discussion paper series with number 591.
Length: 19 p.
Date of creation: Mar 2013
Date of revision:
Infinite-population social choice; multi-profile social choice; decisiveness; intergenerational choice;
Other versions of this item:
- Bossert, Walter & Suzumura, Kotaro, 2013. "Multi-profile intertemporal social choice: a survey," CIS Discussion paper series 584, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
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- Bossert, Walter & Suzumura, Kotaro, 2009.
"Consistency, Choice and Rationality,"
PIE/CIS Discussion Paper
428, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
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- Sen, Amartya, 1995. "Rationality and Social Choice," American Economic Review, American Economic Association, vol. 85(1), pages 1-24, March.
- 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.
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