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Implementation of Social Welfare Functions
Oleh:
Campbell, Donald E.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
INTERNATIONAL ECONOMIC REVIEW vol. 33 no. 3 (1992)
,
page 525-534.
Topik:
social welfare
;
implementation
;
social welfare
;
functions
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
II49.2
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
A social welfare function f assigns to each economic environment p a continuous preorder f (p) on the space of allocations of private goods. f is implementable if for each large finite set Z the correspondence F (p) defined by selecting the set of f (p) - maximal allocations in Z is implementable. Then f is implementable only if it satisfies Arrow's independence axiom. Therefore, every implementable social welfare function is constant or dictatorial or inversely dictatorial. If f (p) is merely quasitransitive and f satisfies a basic nonimposition condition then f is oligarchical if it is implementable.
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