The Arrow Impossibility Theorem

The Arrow Impossibility Theorem

Kenneth Arrow's pathbreaking “impossibility theorem” was a watershed in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence. In this book, Amartya Sen and Eric Maskin explore the implications of Arrow’s theorem. Sen considers its ongoing utility, exploring the theorem’s value and limitations in… (more)

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Book Details  


Publisher: Columbia University Press (July 08, 2014)

Collection: Kenneth J. Arrow Lecture Series

Parent ISBN: 9780231153287

Language: English


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