Social Choice with Analytic Preferences
Arrow's axioms for social welfare functions are shown to be inconsistent when the set of alternatives is the nonnegative orthant in a multidimensional Euclidean space and preferences are assumed to be either the set of analytic classical economic preferences or the set of Euclidean spatial preferences. When either of these preference domains is combined with an agenda domain consisting of compact sets with nonempty interiors, strengthened versions of the Arrovian social choice correspondence axioms are shown to be consistent. To help establish the economic possibility theorem, an ordinal version of the Analytic Continuation Principle is developed.
|Date of creation:||Jun 2000|
|Date of revision:||Mar 2001|
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- Debreu, Gerard, 1972.
Econometric Society, vol. 40(4), pages 603-15, July.
- Bailey, Martin J, 1979. "The Possibility of Rational Social Choice in an Economy," Journal of Political Economy, University of Chicago Press, vol. 87(1), pages 37-56, February.
- EHLERS, Lars & STORCKEN, Ton, 2002.
"Arrow's Theorem in Spatial Environments,"
Cahiers de recherche
2002-03, Universite de Montreal, Departement de sciences economiques.
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- Debreu, Gerard, 1976. "Smooth Preferences: A Corrigendum," Econometrica, Econometric Society, vol. 44(4), pages 831-32, July.
- Wagneur, Edouard, 1979. "Saturation Locale et Concepts Primitifs de la Theorie du Consommateur," Econometrica, Econometric Society, vol. 47(6), pages 1549-53, November.
- Charles K. Rowley (ed.), 1993. "Social Choice Theory," Books, Edward Elgar Publishing, volume 0, number 586, 10.
- Kannai, Yakar, 1970. "Continuity Properties of the Core of a Market," Econometrica, Econometric Society, vol. 38(6), pages 791-815, November.
- Ehud Kalai & Eitan Muller & Mark Satterthwaite, 1979. "Social welfare functions when preferences are convex, strictly monotonic, and continuous," Public Choice, Springer, vol. 34(1), pages 87-97, March.
- Donaldson, David & Weymark, John A., 1988. "Social choice in economic environments," Journal of Economic Theory, Elsevier, vol. 46(2), pages 291-308, December.
- LeBreton, M., 1994. "Arrovian Social Choice on Economic Domains," G.R.E.Q.A.M. 94a37, Universite Aix-Marseille III.
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