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Development of social choice theory
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Basics of social choice theory
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We will show that in the case where there are two individuals and three alternatives (or under the assumption of free-triple property) the Arrow impossibility theorem for social welfare functions that there exists no social welfare function which satisfies transitivity, Pareto principle,...
Persistent link: https://www.econbiz.de/10005125940
We will present a topological approach to the Arrow impossibility theorem of social choice theory that there exists no binary social choice rule (which we will call a social welfare function) which satisfies the conditions of transitivity, independence of irrelevant alternatives (IIA), Pareto...
Persistent link: https://www.econbiz.de/10005126011
Algebraic topology and social choice theory
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Some aspects of social choice theory
Persistent link: https://www.econbiz.de/10005556962
Recently Eliaz(2004) has presented a unified framework to study (Arrovian) social welfare functions and non-binary social choice functions based on the concept of 'preference reversal'. He showed that social choice rules which satisfy the property of preference reversal and a variant of the...
Persistent link: https://www.econbiz.de/10005560995
Basics of topology and the Brouwer fixed point theorem for Economics
Persistent link: https://www.econbiz.de/10005561819