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Persistent link: https://www.econbiz.de/10012434393
For four alternatives and an even number of individuals, we prove a conjecture in a companion paper: It is impossible for a social choice rule to satisfy all of (1) Pareto, (2) anonymity, (3) full domain, and (4) independence of some alternative, a relaxation of ArrowÕs IIA.
Persistent link: https://www.econbiz.de/10005588176
For a finite number of alternatives, in the presence of Pareto, non-dictatorship, full domain, and transitivity, an extremely weak independence condition is incompatible with each of anonymity and neutrality (Campbell and Kelly [2006]). This paper explores how those results are affected when...
Persistent link: https://www.econbiz.de/10005588182
In the presence of Pareto, non-dictatorship, full domain, and transitivity, an extremely weak independence condition disallows both anonymity and neutrality.
Persistent link: https://www.econbiz.de/10005252281
Assuming an odd number of voters, E. S. Maskin recently provided a characterization of majority rule based on full transitivity. This paper characterizes majority rule with a set of axioms that includes two of Maskin's, dispenses with another, and contains weak versions of his other two axioms....
Persistent link: https://www.econbiz.de/10005370724
Given a set of outcomes that affect the welfare of the members of a group, K.J. Arrow imposed the following five conditions on the ordering of the outcomes as a function of the preferences of the individual group members, and then proved that the conditions are logically inconsistent: • The...
Persistent link: https://www.econbiz.de/10014023842