Multi-profile intertemporal social choice: a survey
We provide a brief survey of some literature on intertemporal social choice theory in a multi-profile setting. As is well-known, Arrow’s impossibility result hinges on the assumption that the population is finite. For infinite populations, there exist non-dictatorial social welfare functions satisfying Arrow’s axioms and they can be described by their corresponding collections of decisive coalitions. We review contributions that explore whether this possibility in the infinite-population context allows for a richer class of social welfare functions in an intergenerational model. Different notions of stationarity formulated for individual and for social preferences are examined.
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- Kirman, Alan P. & Sondermann, Dieter, 1972. "Arrow's theorem, many agents, and invisible dictators," Journal of Economic Theory, Elsevier, vol. 5(2), pages 267-277, October.
- Bossert, Walter & Suzumura, Kotaro, 2010.
"Consistency, Choice, and Rationality,"
Harvard University Press, number 9780674052994.
- Campbell, Donald E., 1990. "Intergenerational social choice without the Pareto principle," Journal of Economic Theory, Elsevier, vol. 50(2), pages 414-423, April.
- Sen, Amartya, 1995. "Rationality and Social Choice," American Economic Review, American Economic Association, vol. 85(1), pages 1-24, March.
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