Multi-Profile Intertemporal Social Choice
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 nondictatorial 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.
|Date of creation:||2012|
|Date of revision:|
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- KIRMAN, Alan P. & SONDERMANN, Dieter, .
"Arrow's theorem, many agents, and indivisible dictators,"
CORE Discussion Papers RP
118, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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- Bossert, Walter & Suzumura, Kotaro, 2010.
"Consistency, Choice, and Rationality,"
Harvard University Press, number 9780674052994, march.
- Campbell, Donald E., 1990. "Intergenerational social choice without the Pareto principle," Journal of Economic Theory, Elsevier, vol. 50(2), pages 414-423, April.
- John Ferejohn & Talbot Page, 1978. "On the Foundations of Intertemporal Choice," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(2), pages 269-275.
- Sen, Amartya, 1995. "Rationality and Social Choice," American Economic Review, American Economic Association, vol. 85(1), pages 1-24, March.
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