Sen’s Theorem and Externalities

Donald E. Campbell and Jerry S. Kelly

Economica, 1997, vol. 64, issue 255, 375-386

Abstract: When the outcome space X is a product set, the Paretian‐liberal conflict depends on a special cycle of externalities. Even if the society is countably infinite, the inconsistency vanishes if the individuals can be numbered so that person i does not care about the actions of any h

Date: 1997
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