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We investigate the implications of relaxing Arrow's independence of irrelevant alternatives axiom while retaining transitivity and the Pareto condition. Even a small relaxation opens a floodgate of possibilities for nondictatorial and efficient social choice
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If only the strict part of social preference is required to be transitive then Independence of Irrelevant Alternatives implies that there is a coalition containing all but one individual that cannot force x to be socially ranked above y for at least half of the pairs of alternatives (x,y)
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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...
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A strict social welfare function (SSWF) that always yields an asymmetric binary relation with a single maximal alternative induces a social choice rule on its domain. It is known that if the induced rule is strategy-proof then it can also be generated by a SSWF satisfying non-reversal. This...
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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/10005457185