A unifying impossibility theorem created by Priscilla T. Y. Man and Shino Takayama
Material type: TextSeries: Economic theory ; Volume 54, number 2Berlin: Springer, 2013Content type:- text
- unmediated
- volume
- 09382259
- HB119 ECO
Item type | Current library | Call number | Vol info | Copy number | Status | Notes | Date due | Barcode | |
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Journal Article | Main Library Journal Article | HB119 ECO (Browse shelf(Opens below)) | vol. 54, no. 2 (pages 249-272) | SP21039 | Not for loan | For In house Use | |||
Journal Article | Main Library Journal Article | HB119 ECO (Browse shelf(Opens below)) | Vol. 54, no.2 (pages 249-272) | SP21287 | Not for loan | For In house Use |
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This paper identifies and illuminates a common impossibility principle underlying a number of impossibility theorems in social choice. We consider social choice correspondences assigning a choice set to each non-empty subset of social alternatives. Three simple axioms are imposed as follows: unanimity, independence of preferences over infeasible alternatives, and choice consistency with respect to choices out of all possible alternatives. With more than three social alternatives and the universal preference domain, any social choice correspondence that satisfies our axioms is serially dictatorial. A number of known impossibility theorems—including Arrow’s Impossibility Theorem, the Muller–Satterthwaite Theorem, and the impossibility theorem under strategic candidacy—follow as corollaries.
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