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Arrow s impossibility theorem 1 Condition of independence of irrevelant alternatives 1 Condorcet s paradox 1 cardinality and interpersonal comparability 1 social choice 1 social welfare function 1
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Free 1
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Book / Working Paper 1
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English 1
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Castellanos, Daniel 1
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UNIVERSIDAD DE LOS ANDES-CEDE 1
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ARROW´S IMPOSSIBILITY THEOREM IS NOT SO IMPOSSIBLE AND CONDORCET´S PARADOX IS NOT SO PARADOXICAL: THE ADEQUATE DEFINITION OF A SOCIAL CHOICE PROBLEM
Castellanos, Daniel - UNIVERSIDAD DE LOS ANDES-CEDE - 2005
In this article, we do two things: first, we present an alternative and simplified proof of the known fact that cardinal individual utility functions are necessary, but not sufficient, and that interpersonal comparability is sufficient, but not necessary, for the construction of a social welfare...
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