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|
|Contact details of provider:|| Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.|
Web page: http://econ.tau.ac.il/foerder/about
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