A topological approach to the Arrow impossibility theorem when individual preferences are weak orders (forcoming in ``Applied Mathematics and Compuation''(Elsevier))
Abstract:
We will present a topological approach to the Arrow impossibility theorem of social choice theory that there exists no binary social choice rule (which we will call a social welfare function) which satisfies the conditions of transitivity, independence of irrelevant alternatives (IIA), Pareto principle and non-existence of dictator.
JEL-codes:D6D7H (search for similar items in EconPapers) New Economics Papers: this item is included in nep-dcm and nep-pbe Date: 2005-06-16, Revised 2005-06-17 Note: Type of Document - pdf View list of references