CaltechAUTHORS
  A Caltech Library Service

Social welfare functions for economic environments with and without the pareto principle

Border, Kim C. (1983) Social welfare functions for economic environments with and without the pareto principle. Journal of Economic Theory, 29 (2). pp. 205-216. ISSN 0022-0531. https://resolver.caltech.edu/CaltechAUTHORS:20171016-101933174

Full text is not posted in this repository. Consult Related URLs below.

Use this Persistent URL to link to this item: https://resolver.caltech.edu/CaltechAUTHORS:20171016-101933174

Abstract

It is shown for the case of private goods economies that every social welfare function satisfying a weak nonimposition condition and the independence of irrelevant alternatives axiom is of one of the following forms. It is either null, or the class of decisive coalitions is an ultrafilter, or the class of anti-decisive coalitions is an ultrafilter. In the case of a private goods economy with finitely many traders, the latter conditions imply the existence of either a dictator or anti-dictator. By requiring the Pareto principle as well, it is easily seen that the social welfare function must be dictatorial.


Item Type:Article
Related URLs:
URLURL TypeDescription
https://doi.org/10.1016/0022-0531(83)90045-5DOIArticle
http://resolver.caltech.edu/CaltechAUTHORS:20171012-170534239Related ItemSocial Science Working Paper 304
ORCID:
AuthorORCID
Border, Kim C.0000-0003-4437-0524
Additional Information:Copyright 1983 by Academic Press, Inc. Received March 24, 1980; revised September 24, 1981. I would like to thank an anonymous referee for his careful reading and useful comments.
Issue or Number:2
Record Number:CaltechAUTHORS:20171016-101933174
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20171016-101933174
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:82367
Collection:CaltechAUTHORS
Deposited By: Katherine Johnson
Deposited On:16 Oct 2017 17:26
Last Modified:03 Oct 2019 18:53

Repository Staff Only: item control page