Domain Conditions in Social Choice Theory
Publisher: Cambridge University Press
Published: September 24, 2001
Language: eng
Format: Hardcover
Number of pages: 166
ISBN-13: 9780521791021
Subjects: Economic theory & philosophy; Social, group or collective psychology; Social choice; Economic History; Business & Economics; Sociology; Business/Economics; Sociology - General; Business & Economics / Economic History; Social choice--Mathematical models; Decision making; Economics - Theory; Mathematical models
First sentence: The theory of social choice is abundant with impossibility theorems.
Description: "Wulf Gaertner provides a comprehensive account of an important and complex issue within social choice theory: how to establish a social welfare function while restricting the spectrum of individual preferences in a sensible way. Gaertner's starting point is K. J. Arrow's famous 'Impossibility Theorem', which showed that no welfare function could exist if an unrestricted domain of preferences is to be satisfied, together with some other appealing conditions.

A number of leading economists have tried to provide avenues out of this 'impossibility' by restricting the variety of preferences: here, Gaertner provides a clear and detailed account, using standardized mathematical notation, of well over 40 theorems associated with domain conditions." "Domain Conditions in Social Choice Theory will be an essential addition to the library of social choice theory for scholars and their advanced graduate students."--BOOK JACKET.