Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10003929057
We extend the setup of Arrow's General Possibility Theorem by introducing as additional policy alternatives the possibility to delegate certain decisions to an external institution or random device. We show that in this extended setting there exists a Social Welfare Functional with universal...
Persistent link: https://www.econbiz.de/10012733966