Paretian Welfare Judgements and Bergsonian Social Choice
AbstractThis paper examines the logical performance of new welfare economics from the viewpoint of social choice theory.We show that the logical completeness of its research program hinges squarely on the possibility that, for each Paretian Bergson-Samuelson social welfare ordering R, the social choice set from any opportunity set can be recovered by finding the maximal set for each and every partial preference relation that is both a sub-relation of R and an extension of the Pareto quasiordering, and taking the intersection of these maximal sets. A neccessary and sufficient condition for this recoverability property is identified.
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Bibliographic InfoPaper provided by Institute of Economic Research, Hitotsubashi University in its series Discussion Paper Series with number a341.
Date of creation: Jan 1998
Date of revision:
Other versions of this item:
- Suzumura, Kotaro, 1999. "Paretian Welfare Judgements and Bergsonian Social Choice," Economic Journal, Royal Economic Society, vol. 109(455), pages 204-20, April.
- B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
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