کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
10474795 928593 2005 23 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Arrovian aggregation in economic environments: how much should we know about indifference surfaces?
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Arrovian aggregation in economic environments: how much should we know about indifference surfaces?
چکیده انگلیسی
Arrow's celebrated theorem of social choice shows that the aggregation of individual preferences into a social ordering cannot make the ranking of any pair of alternatives depend only on individual preferences over that pair, unless the fundamental weak Pareto and non-dictatorship principles are violated. In the standard model of division of commodities, we investigate how much information about indifference surfaces is needed to construct social ordering functions satisfying the weak Pareto principle and anonymity. We show that local information such as marginal rates of substitution or the shapes “within the Edgeworth box” is not enough, and knowledge of substantially non-local information is necessary.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 124, Issue 1, September 2005, Pages 22-44
نویسندگان
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