Factoring out the impossibility of logical aggregation
According to a theorem recently proved in the theory of logical aggregation, any nonconstant social judgment function that satisfies independence of irrelevant alternatives (IIA) is dictatorial. The author shows that the strong and not very plausible IIA condition can be replaced with a minimal independence assumption plus a Pareto-like condition. This new version of the impossibility theorem likens it to Arrow's and arguably enhances its paradoxical value.
|Date of creation:||01 Oct 2006|
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- Klaus Nehring, 2005. "The (Im)Possibility of a Paretian Rational," Economics Working Papers 0068, Institute for Advanced Study, School of Social Science.
- Dietrich, Franz & List, Christian, 2007.
"Strategy-Proof Judgment Aggregation,"
Economics and Philosophy,
Cambridge University Press, vol. 23(03), pages 269-300, November.
- Franz Dietrich & Christian List, 2005. "Strategy-proof judgment aggregation," STICERD - Political Economy and Public Policy Paper Series 09, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Franz Dietrich & Christian List, 2004. "Strategy-proof judgment aggregation," Public Economics 0404007, EconWPA, revised 25 Jul 2005.
- Franz Dietrich & Christian List, 2005. "Strategy-proof judgment aggregation," LSE Research Online Documents on Economics 19299, London School of Economics and Political Science, LSE Library.
- Franz Dietrich & Christian List, 2007. "Strategy-proof judgment aggregation," LSE Research Online Documents on Economics 5812, London School of Economics and Political Science, LSE Library.
- List, Christian & Pettit, Philip, 2002. "Aggregating Sets of Judgments: An Impossibility Result," Economics and Philosophy, Cambridge University Press, vol. 18(01), pages 89-110, April.
- Samuelson, Paul A, 1977. "Reaffirming the Existence of "Reasonable" Bergson-Samuelson Social Welfare Functions," Economica, London School of Economics and Political Science, vol. 44(173), pages 81-88, February.
- Dietrich, Franz, 2006. "Judgment aggregation: (im)possibility theorems," Journal of Economic Theory, Elsevier, vol. 126(1), pages 286-298, January.
- Wilson, Robert, 1972. "Social choice theory without the Pareto Principle," Journal of Economic Theory, Elsevier, vol. 5(3), pages 478-486, December.
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