Aufsatz(elektronisch)#16. Juli 2020
A Comment on Arrow's Impossibility Theorem
In: The B.E. journal of theoretical economics, Band 21, Heft 1, S. 347-354
ISSN: 1935-1704
Abstract
Arrow (1950) famously showed the impossibility of aggregating individual preference orders into a social preference order (together with basic desiderata). This paper shows that it is possible to aggregate individual choice functions, that satisfy almost any condition weaker than WARP, into a social choice function that satisfy the same condition (and also Arrow's desiderata).