Article ID Journal Published Year Pages File Type
957666 Journal of Economic Theory 2008 14 Pages PDF
Abstract

According to a theorem recently proved in the theory of logical aggregation, any nonconstant social judgment function that satisfies independence of irrelevant alternatives (IIA) is dictatorial. We show that the strong and not very plausible IIA condition can be replaced with a minimal independence assumption plus a Pareto-like condition. This new version of the impossibility theorem likens it to Arrow's and arguably enhances its paradoxical value.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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