THE EXISTENCE OF SOCIAL WELFARE FUNCTIONS

THE EXISTENCE OF SOCIAL WELFARE FUNCTIONS
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社会福利职能的存在

DOI:
10.2307/1910256
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发表时间:
1957
期刊:
影响因子:
6.1
通讯作者:
J. H. Blau
J. H. Blau
中科院分区:
经济学1区
文献类型:
--
作者:
J. H. Blau

文献摘要

被引文献

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The problem of aggregating individual preference orderings to form a social ordering took a new turn when Arrow organized the subject abstractly. We study here his celebrated theorem that five plausible conditions on the method of aggregation are inconsistent. This theorem is in fact false in general, as a counterexample shows. When we increase the amount of disagreement which is allowed to occur, then the inconsistency is restored. The modified result preserves much of the impact of the original theorem.