Oligarchies in Spatial Environments
Data(s) |
01/02/2008
01/02/2008
2007
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Resumo |
In spatial environments we consider social welfare functions satisfying Arrow’s requirements, i.e. weak Pareto and independence of irrelevant alternatives. Individual preferences measure distances between alternatives according to the Lp-norm (for a fixed p => 1). When the policy space is multi-dimensional and the set of alternatives has a non-empty interior and it is compact and convex, any quasi-transitive welfare function must be oligarchic. As a corollary we obtain that for transitive welfare functions weak Pareto, independence of irrelevant alternatives, and non-dictatorship are inconsistent if the set of alternatives has a non-empty interior and it is compact and convex. |
Formato |
323356 bytes application/pdf |
Identificador | |
Idioma(s) |
en |
Publicador |
Université de Montréal, Département de sciences économiques |
Relação |
Cahier de recherche #2007-08 |
Tipo |
Article |