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The Possibility of Anonymous Social Orderings Using Curvature of Indifference Hypersurfaces

Author

Listed:
  • Deirdre Haskell
  • Jeremiah Hurley
  • Junying Zhao

Abstract

This paper concerns the aggregation of individual preferences into a social ordering. Working in a higher-dimensional economic environment where an indifference hypersurface is the level set of a utility function representing a preference relation, we give axiomatic conditions under which a function on the indifference hypersurfaces can be used to define a rational anonymous social ordering function. We show that the curvature of the indifference hypersurfaces can potentially be used as such a function, and discuss a possible economic interpretation of the curvature. The minmax-like definition of our social ordering function coincides with the Rawlsian difference principle under certain circumstances.

Suggested Citation

  • Deirdre Haskell & Jeremiah Hurley & Junying Zhao, 2023. "The Possibility of Anonymous Social Orderings Using Curvature of Indifference Hypersurfaces," Department of Economics Working Papers 2023-06, McMaster University.
  • Handle: RePEc:mcm:deptwp:2023-06
    as

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    File URL: http://socialsciences.mcmaster.ca/econ/rsrch/papers/archive/2023-06.pdf
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    References listed on IDEAS

    as
    1. Mas-Colell,Andreu, 1990. "The Theory of General Economic Equilibrium," Cambridge Books, Cambridge University Press, number 9780521388702, January.
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    3. Kelly, Jerry S., 2020. "Characterization of the Pareto social choice correspondence," Mathematical Social Sciences, Elsevier, vol. 108(C), pages 150-155.
    4. Redekop, James, 1991. "Social welfare functions on restricted economic domains," Journal of Economic Theory, Elsevier, vol. 53(2), pages 396-427, April.
    5. Donald Campbell & Jerry Kelly, 2007. "Social welfare functions that satisfy Pareto, anonymity, and neutrality, but not independence of irrelevant alternatives," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 29(1), pages 69-82, July.
    6. Campbell, Donald E. & Kelly, Jerry S., 2009. "Uniformly bounded information and social choice," Journal of Mathematical Economics, Elsevier, vol. 45(7-8), pages 415-421, July.
    7. Hayashi, Takashi, 2008. "A note on small income effects," Journal of Economic Theory, Elsevier, vol. 139(1), pages 360-379, March.
    8. Elisha A. Pazner & David Schmeidler, 1978. "Egalitarian Equivalent Allocations: A New Concept of Economic Equity," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 92(4), pages 671-687.
    9. Kelly, Jerry S. & Qi, Shaofang, 2019. "Balancedness of social choice correspondences," Mathematical Social Sciences, Elsevier, vol. 102(C), pages 59-67.
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    More about this item

    Keywords

    Preference aggregation; Social ordering function; Independence of irrelevant alternatives; Indifference hypersurface; Curvature; Information;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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