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In this paper we provide a simple new version of Arrow’s impossibility theorem, in a world with only one preference profile. This theorem relies on a new assumption of preference diversity, and we explore alternative notions of preference diversity at length.
Persistent link: https://www.econbiz.de/10005827088
One year after the publication of Arrow's 1951 book Social Choice and Individual Values, Guilbaud (1912-2006) published in Économie Appliquée a 50 page's paper entitled Les théories de l'intérêt général et le problème logique de l'agrégation. In this paper -unfortunately too little...
Persistent link: https://www.econbiz.de/10009209864
This introduces the symposium on judgment aggregation. The theory of judgment aggregation asks how several individuals' judgments on some logically connected propositions can be aggregated into consistent collective judgments. The aim of this introduction is to show how ideas from the familiar...
Persistent link: https://www.econbiz.de/10010746124
Cerreia-Vioglio, Ghirardato, Maccheroni, Marinacci and Siniscalchi (Economic Theory, 48:341--375, 2011) have recently proposed a very general axiomatisation of preferences in the presence of ambiguity, viz. Monotonic Bernoullian Archimedean (MBA) preference orderings. This paper investigates the...
Persistent link: https://www.econbiz.de/10011098639
March 1997 <p> Arrow's ``impossibility'' and similar classical theorems are usually proved for an unrestricted domain of preference profiles. Recent work extends Arrow's theorem to various restricted but ``saturating'' domains of privately oriented, continuous, (strictly) convex, and (strictly)...</p>
Persistent link: https://www.econbiz.de/10005793664
This introduces the symposium on judgment aggregation. The theory of judgment ag­gregation asks how several individuals' judgments on some logically connected propo­sitions can be aggregated into consistent collective judgments. The aim of this intro­duction is to show how ideas from the...
Persistent link: https://www.econbiz.de/10008547444
In response to recent work on the aggregation of individual judgements on logically connected propositions into collective judgements, it is often asked whether judgement aggregation is a special case of Arrowian preference aggregation. We argue the opposite. After proving a general...
Persistent link: https://www.econbiz.de/10005556970
In spatial environments, we consider social welfare functions satisfying Arrow's requirements. i.e., weak Pareto and independence of irrelevant alternatives. When the policy space os a one-dimensional continuum, such a welfare function is determined by a collection of 2n strictly quasi-concave...
Persistent link: https://www.econbiz.de/10005133159
This article surveys the literature that investigates the consistency of Arrow's social choice axioms when his unrestricted domain assumptions are replaced by domain conditions that incorporate the restrictions on agendas and preferences encountered in economic environments. Both social welfare...
Persistent link: https://www.econbiz.de/10005595941
An extension of Condorcet's paradox by McGarvey (1953) asserts that for every asymmetric relation R on a finite set of candidates there is a strict-preferences voter profile that has the relation R as its strict simple majority relation. We prove that McGarvey's theorem can be extended to...
Persistent link: https://www.econbiz.de/10005459364