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On the difficulty of combining actual and potential criteria for an increase in social welfare
Gravel, Nicolas - In: Economic Theory 17 (2001) 1, pp. 163-180
This paper examines two problems associated with the use of potential Pareto criteria in welfare economics. The first problem is the well-known intransitivity of the compensation criteria Á la Kaldor-Hicks-Scitovsky. The second problem is the possible incompatibility between the...
Persistent link: https://www.econbiz.de/10005596779
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A simple characterization of majority rule
Kelly, Jerry S.; Campbell, Donald E. - In: Economic Theory 15 (2000) 3, pp. 689-700
transitivity. This paper characterizes majority rule with a set of axioms that includes two of Maskin's, dispenses with another …
Persistent link: https://www.econbiz.de/10005370724