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Arrow's theorem proves that no voting procedure can meet certain conditions of both fairness and logic. In this note, Grant Hayden explores the ramifications of the theorem for qualitative vote dilution. After describing Arrow's argument, Mr. Hayden considers four democratic voting procedures...
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from restrictions on permissible preferences for individuals. While the first five sections study the aggregation problem … topological space of preferences proves to be necessary and sufficient for the existence of continuous aggregation rules. …
Persistent link: https://www.econbiz.de/10014023840
publications on the axiomatic synthesis of the local aggregation rules is made. …
Persistent link: https://www.econbiz.de/10014023841
Given a set of outcomes that affect the welfare of the members of a group, K.J. Arrow imposed the following five conditions on the ordering of the outcomes as a function of the preferences of the individual group members, and then proved that the conditions are logically inconsistent: • The...
Persistent link: https://www.econbiz.de/10014023842
Economists have used the term “nonbinary” to describe both choice functional nonbinariness (choice functions that cannot be rationalized as the maximizing outcome of a binary preference relation) and structural nonbinariness (the structure of the model dictates that pairs of alternatives do...
Persistent link: https://www.econbiz.de/10014025189
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/10014025191
Any procedure of social choice makes use of some types of information and ignores others. For example, the method of majority decision concentrates on people's votes, but pays no direct attention to, say, their social standings, or their prosperity or penury, or even the intensities of their...
Persistent link: https://www.econbiz.de/10014025194
In this paper, virtual implementation is restricted so that only a socially optimal outcome or some fixed outcome (a status quo) can be delivered on the equilibrium path. Under such a restriction, any unanimous and implementable social choice function is almost-dictatorial. That is, there is an...
Persistent link: https://www.econbiz.de/10013089565
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