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From decision problems to dethroned dictators

  • Kronewetter, Jason
  • Saari, Donald G.
Registered author(s):

    Economic models as well as aggregation and decision problems with "holes" in the domain can be difficult to analyze because, unexpectedly, they are related to Arrow's Impossibility Theorem: embedded within the model may be "topological dictators." But, just as it is possible to remove the negative impact of Arrow's dictator by recognizing that the problem is caused by not using crucial, available information (about voter preferences), the obstacles confronting these economic decision problems can be removed by identifying what kind of available information is not being used.

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    File URL: http://www.sciencedirect.com/science/article/B6VBY-4KJTNR6-1/1/0318cffdd194fbbcd6ffb9cc380bcd0b
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    Article provided by Elsevier in its journal Journal of Mathematical Economics.

    Volume (Year): 44 (2008)
    Issue (Month): 7-8 (July)
    Pages: 745-761

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    Handle: RePEc:eee:mateco:v:44:y:2008:i:7-8:p:745-761
    Contact details of provider: Web page: http://www.elsevier.com/locate/jmateco

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    1. Donald G. Saari, 1997. "Informational geometry of social choice," Social Choice and Welfare, Springer, vol. 14(2), pages 211-232.
    2. Chichilnisky, Graciela & Heal, Geoffrey, 1983. "Necessary and sufficient conditions for a resolution of the social choice paradox," Journal of Economic Theory, Elsevier, vol. 31(1), pages 68-87, October.
    3. repec:cup:cbooks:9780521808163 is not listed on IDEAS
    4. Saari, Donald G. & Williams, Steven R., 1986. "On the local convergence of economic mechanisms," Journal of Economic Theory, Elsevier, vol. 40(1), pages 152-167, October.
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