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This note presents a simple proof of Arrow's impossibility theorem using Saari's [3, 4] "geometry of voting".
Persistent link: https://www.econbiz.de/10005370950
Arrow's theorem is proved on a domain consisting of two types of preference profiles. Those in the first type are "almost unanimous": for every profile some alternative x is such that the preferences of any two individuals merely differ in the ranking of x, which is in one of the first three...
Persistent link: https://www.econbiz.de/10005371107