Arrow's Possibility Theorem for one-dimensional single-peaked preferences
In one-dimensional environments with single-peaked preferences we consider social welfare functions satisfying Arrow's requirements, i.e. weak Pareto and independence of irrelevant alternatives. When the policy space is a one-dimensional continuum such a welfare function is determined by a collection of 2N strictly quasi-concave preferences and a tie-breaking rule. As a corollary we obtain that when the number of voters is odd, simple majority voting is transitive if and only if each voter's preference is strictly quasi-concave.
| Year of publication: |
2008
|
|---|---|
| Authors: | Ehlers, Lars ; Storcken, Ton |
| Published in: |
Games and Economic Behavior. - Elsevier, ISSN 0899-8256. - Vol. 64.2008, 2, p. 533-547
|
| Publisher: |
Elsevier |
| Keywords: | Arrovian social choice One-dimensional continuum Single-peaked preferences |
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