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A unifying impossibility theorem created by Priscilla T. Y. Man and Shino Takayama

By: Contributor(s): Material type: TextTextSeries: Economic theory ; Volume 54, number 2Berlin: Springer, 2013Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISSN:
  • 09382259
Subject(s): LOC classification:
  • HB119 ECO
Online resources: Abstract: 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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Holdings
Item type Current library Call number Vol info Copy number Status Notes Date due Barcode
Journal Article 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 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

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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