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Purpose - In 1951, Kenneth Arrow proved that it is not possible to have a group decision-making procedure that … is that different seemingly reasonable idea often lead to different group decision - this is known, e.g. for different … voting schemes. Design/methodology/approach - In this paper we analyze this problem from the viewpoint of decision theory …
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This article proves a very general version of the Kirman-Sondermann [Journal of Economic Theory, 5(2):267-277, 1972] correspondence by extending the methodology of Lauwers and Van Liedekerke [Journal of Mathematical Economics, 24(3):217-237, 1995]. The paper first proposes a unified framework...
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