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
Englisch

Bibliographic citation
Series: Discussion Paper ; No. 1132

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Saari, Donald G.
Event
Veröffentlichung
(who)
Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science
(where)
Evanston, IL
(when)
1995

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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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

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