Arrow`s Theorem and the Gibbard-Satterthwaite Theorem as Special Cases of a Single Theorem
This paper shows that both Arrow`s Theorem and the Gibbard-Satterthwaite Theorem follow from a single impossibility theorem. This theorem states that two properties - Pareto efficiency and a condition called Preference Reversal - lead to the dictatorship result.
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|Date of creation:||2001|
|Date of revision:|
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Web page: http://econ.tau.ac.il/research/foerder.asp
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