The Arrow Impossibility Theorem /
Kenneth Arrow's pathbreaking?impossibility theorem" was a watershed in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence....
| Main Author: | |
|---|---|
| Corporate Author: | |
| Other Authors: | |
| Format: | eBook |
| Language: | English |
| Published: |
New York :
Columbia University Press,
2014.
|
| Series: | Kenneth J. Arrow lecture series (New York, N.Y.)
|
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Kenneth Arrow's pathbreaking?impossibility theorem" was a watershed in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence. In this book, Amartya Sen and Eric Maskin explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's value and limitations in relation to recent research on social reasoning, while Maskin discusses how to design a voting rule that gets us closer to the ideal? |
|---|---|
| Item Description: | Electronic resource. |
| Physical Description: | 1 online resource (163 pages). |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9780231526869 0231526865 1322545634 (ebk) 9781322545639 (ebk) |