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Multi-Profile Intertemporal Social Choice: A Survey

In: Individual and Collective Choice and Social Welfare

Author

Listed:
  • Walter Bossert

    (University of Montreal)

  • Kotaro Suzumura

    (Waseda University)

Abstract

We provide a brief survey of some literature on intertemporal social choice theory in a multi-profile setting. As is well-known, Arrow’s impossibility result hinges on the assumption that the population is finite. For infinite populations, there exist non-dictatorial social welfare functions satisfying Arrow’s axioms and they can be described by their corresponding collections of decisive coalitions. We review contributions that explore whether this possibility in the infinite-population context allows for a richer class of social welfare functions in an intergenerational model. Different notions of stationarity formulated for individual and for social preferences are examined.

Suggested Citation

  • Walter Bossert & Kotaro Suzumura, 2015. "Multi-Profile Intertemporal Social Choice: A Survey," Studies in Choice and Welfare, in: Constanze Binder & Giulio Codognato & Miriam Teschl & Yongsheng Xu (ed.), Individual and Collective Choice and Social Welfare, edition 127, pages 109-126, Springer.
    • Handle: RePEc:spr:stcchp:978-3-662-46439-7_7
    DOI: 10.1007/978-3-662-46439-7_7
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    References listed on IDEAS

    as
    1. Edward Packel, 1980. "Impossibility results in the axiomatic theory of intertemporal choice," Public Choice, Springer, vol. 35(2), pages 219-227, January.
    2. Bossert, Walter & Suzumura, Kotaro, 2010. "Consistency, Choice, and Rationality," Economics Books, Harvard University Press, number 9780674052994, Spring.
    3. Kirman, Alan P. & Sondermann, Dieter, 1972. "Arrow's theorem, many agents, and invisible dictators," Journal of Economic Theory, Elsevier, vol. 5(2), pages 267-277, October.
    4. Sen, Amartya K, 1979. "Personal Utilities and Public Judgements: Or What's Wrong with Welfare Economics?," Economic Journal, Royal Economic Society, vol. 89(355), pages 537-558, September.
    5. Sen, Amartya, 1995. "Rationality and Social Choice," American Economic Review, American Economic Association, vol. 85(1), pages 1-24, March.
    6. Bengt Hansson, 1976. "The existence of group preference functions," Public Choice, Springer, vol. 28(1), pages 89-98, December.
    7. John Ferejohn & Talbot Page, 1978. "On the Foundations of Intertemporal Choice," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(2), pages 269-275.
    8. Campbell, Donald E., 1990. "Intergenerational social choice without the Pareto principle," Journal of Economic Theory, Elsevier, vol. 50(2), pages 414-423, April.
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    More about this item

    Keywords

    Decisiveness; Infinite-population social choice; Intergenerational choice; Multi-profile social choice;
    All these keywords.

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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