Some remarks on ranking opportunity sets and Arrow impossibility theorems: correspondence results

被引:3
|
作者
Alcalde-Unzu, J [1 ]
Ballester, MA [1 ]
机构
[1] Univ Publ Navarra, Dept Econ, Pamplona 31006, Spain
关键词
ranking sets; indirect utility criterion; cardinality-based criterion; arrow theorem;
D O I
10.1016/j.jet.2004.07.007
中图分类号
F [经济];
学科分类号
02 ;
摘要
An earlier work by Dutta and Sen provides characterizations of a set of decision rules for the ranking of opportunity sets. This paper begins by demonstrating the redundancy of one of the axioms in the said characterizations and goes on to analyze in detail one of the theorems, the Generalized Utilitarian rules theorem, which is incorrect. Basically, we find that one of the axioms that the authors provide is not in all cases satisfied for the Utilitarian rules. In this paper, we discuss this issue before proposing an alternative characterization which preserves the spirit of the original authors. (c) 2004 Elsevier Inc. All rights reserved.
引用
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页码:116 / 123
页数:8
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