Work

Asymptotic density and social choice trade-offs

Year: 1995

Type: article

Abstract: Arrow proved that a social welfare function with transitive values cannot simultaneously satisfy independence of irrelevant alternatives, the Pareto criterion, and non-dictatorship. We use asymptotic density to determine bounds on the trade-off between violations of the Pareto criterion and violations of non-dictatorship when the set X of outcomes is countably infinite.

Source: Mathematical Social Sciences

DOI: 10.1016/0165-4896(94)00772-z

Authors: Donald E Campbell, Jerry S Kelly

Institutions: William & Mary, Syracuse University

Language: English

Topic: Game Theory and Voting Systems

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,850

Funder: National Science Foundation