The Handbook of Social Choice and Welfare presents, in two volumes, essays on past and on-going work in social choice theory and welfare economics. The first volume consists of four parts. In Part 1 (Arrovian Impossibility Theorems), various aspects of Arrovian general impossibility theorems,...

This second part of a two-volume set continues to describe economists' efforts to quantify the social decisions people necessarily make and the philosophies that those choices define.€ Contributors draw on lessons from€philosophy, history, and other disciplines, but they ultimately use...

Cover -- CONTENTS -- I. INTRODUCTION -- II. THE NATURE OF PREFERENCE AND CHOICE -- III. THE SOCIAL WELFARE FUNCTION -- IV. THE COMPENSATION PRINCIPLE -- V. THE GENERAL POSSIBILITY THEOREM FOR SOCIAL WELFARE FUNCTIONS -- VI. THE INDIVIDUALISTIC ASSUMPTIONS -- VII. SIMILARITY AS THE BASIS OF...