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In the very general setting of Armstrong (1980) for Arrow's Theorem, I show two results. First, in an infinite society, Anonymity is inconsistent with Unanimity and Independence if and only if a domain for social welfare functions satisfies a modest condition of richness. While Arrow's axioms...
Persistent link: https://www.econbiz.de/10014090226
This chapter discusses different types of domain restrictions. We begin by analyzing various qualitative conditions on preference profiles. Value-restricted preferences (with single-peaked preferences as one of its subcases), limited agreement as well as antagonistic and dichotomous preferences...
Persistent link: https://www.econbiz.de/10014023840
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
Persistent link: https://www.econbiz.de/10013079846
In the analysis of group identification, Kasher and Rubinstein (1997), Logique Analyse 160, 385-395, have shown that any method to aggregate the opinions of a group of agents about the individuals in the group that posses a specific attribute, such as race, nationality, profession, etc., must be...
Persistent link: https://www.econbiz.de/10012950733
We explore the frontier between possibility and impossibility results by analyzing different combinations of "pro-socialness" and "consistency" conditions. This exercise delivers stronger versions of four classical impossibility theorems, and offers a thorough understanding of connections among...
Persistent link: https://www.econbiz.de/10014164288
Arrow's original proof of his impossibility theorem proceeded in two steps: showing the existence of a decisive voter, and then showing that a decisive voter is a dictator. Barbera replaced the decisive voter with the weaker notion of a pivotal voter, thereby shortening the first step, but...
Persistent link: https://www.econbiz.de/10014128321
Within social choice theory, the new field of judgment aggregation aims to merge many individual sets of judgments on …
Persistent link: https://www.econbiz.de/10005412484
; deductive theory ; probability distributions ; lognormal distribution ; Pareto distribution ; power-function distribution …
Persistent link: https://www.econbiz.de/10003872719
This paper explores one option for the development of a theoretical approach to economic decision-making that goes beyond the mechanical-mathematical models based on the assumptions of rational self-interest and utility maximization. The proposed model incorporates facts, values, relationships,...
Persistent link: https://www.econbiz.de/10013074494