Arbeitspapier
Connecting and Resolving Sen's and Arrow's Theorems
As shown, the source of Sen's and Arrow's impossibility theorems is that Sen's Liberal condition and Arrow's IIA counter the critical assumption that voters' have transitive preferences. As this allows transitive and certain cyclic preferences to become indistinguishable, the Pareto condition forces cycles. Once the common cause of these perplexing conclusions is understood, resolutions are immediate.
- Language
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Englisch
- Bibliographic citation
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Series: Discussion Paper ; No. 1132
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Saari, Donald G.
- Event
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Veröffentlichung
- (who)
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Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science
- (where)
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Evanston, IL
- (when)
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1995
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Saari, Donald G.
- Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science
Time of origin
- 1995