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This note shows that results similar to Arrow's Impossibility Theorem can be proved by replacing the weak Pareto principle by a weaker condition called Pareto Neutrality and used by Xu (1990) to state another version of Sen''s liberal paradox. Our result strengthens Xu''s arguments for taking...
Persistent link: https://www.econbiz.de/10005416900
This note shows that results similar to Arrow's Impossibility Theorem can be proved by replacing the weak Pareto principle by a weaker condition called Pareto Neutrality and used by Xu (1990) to state another version of Sen''s liberal paradox. Our result strengthens Xu''s arguments for taking...
Persistent link: https://www.econbiz.de/10010629237