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Persistent link: https://www.econbiz.de/10005388080
This article surveys the literature that investigates the consistency of Arrow's social choice axioms when his unrestricted domain assumptions are replaced by domain conditions that incorporate the restrictions on agendas and preferences encountered in economic environments. Both social welfare...
Persistent link: https://www.econbiz.de/10009318727
Arrow's axioms for social welfare functions are shown to be inconsistent when the set of alternatives is the nonnegative orthant in a multidimensional Euclidean space and preferences are assumed to be either the set of analytic classical economic preferences or the set of Euclidean spatial...
Persistent link: https://www.econbiz.de/10005369321
Arrow's axioms for social welfare functions are shown to be inconsistent when the set of alternatives is the nonnegative orthant in a multidimensional Euclidean space and preferences are assumed to be either the set of analytic classical economic preferences or the set of Euclidean spatial...
Persistent link: https://www.econbiz.de/10005034031
This article surveys the literature that investigates the consistency of Arrow's social choice axioms when his unrestricted domain assumptions are replaced by domain conditions that incorporate the restrictions on agendas and preferences encountered in economic environments. Both social welfare...
Persistent link: https://www.econbiz.de/10005595941
In this article, the kinds of utility comparisons that can be made may differ in distinct population subgroups. Within each subgroup, utility is either ordinally or cardinally measurable. Levels and differences of utility may or may not be interpersonally comparable within a subgroup. No utility...
Persistent link: https://www.econbiz.de/10005369266
This article characterizes all of the continuous social welfare orderings which satisfy the Weak (resp. Strong) Pareto principle when utilities are ratio-scale measurable. With Weak Pareto, on both the nonnegative and positive orthants the social welfare ordering must be representable by a...
Persistent link: https://www.econbiz.de/10005370779
Persistent link: https://www.econbiz.de/10005388324
Comparative static properties of the solution to an optimal nonlinear income tax problem are provided for a model in which the government both designs an income tax schedule for redistributive purposes and provides a public good optimally. There are two types of individuals, distinguished by...
Persistent link: https://www.econbiz.de/10005400528
For exchange economies with classical economic preferences, it is shown that any strategy-proof social choice function that selects Pareto optimal outcomes cannot guarantee everyone a consumption bundle bounded away from the origin. This result demonstrates that there is a fundamental conflict...
Persistent link: https://www.econbiz.de/10005459255