Acyclic social welfare

Somdeb Lahiri ()

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we show that if the Pareto relation is acyclic then the set of all Pareto optimal social states coincides with chosen social states of acyclic Paretian social welfare relations. Subsequently we show that given an acyclic Paretian social welfare relations the set of all social states chosen by it coincides with the set of all states chosen by strict Paretian extensions whose strict extension is the given social welfare relation.

Keywords: acyclic; Paretian; social welfare (search for similar items in EconPapers)
JEL-codes: D71 D60 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm
Date: 2009-02-22, Revised 2009-03-03
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:13687

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