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Arrow`s Theorem and the Gibbard-Satterthwaite Theorem as Special Cases of a Single Theorem

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  • Eliaz, K.

Abstract

This paper shows that both Arrow`s Theorem and the Gibbard-Satterthwaite Theorem follow from a single impossibility theorem. This theorem states that two properties - Pareto efficiency and a condition called Preference Reversal - lead to the dictatorship result.

Suggested Citation

  • Eliaz, K., 2001. "Arrow`s Theorem and the Gibbard-Satterthwaite Theorem as Special Cases of a Single Theorem," Papers 2001-11, Tel Aviv.
    • Handle: RePEc:fth:teavfo:2001-11
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    Cited by:

    1. Salvador Barberà, 2003. "A Theorem on Preference Aggregation," UFAE and IAE Working Papers 601.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).

    More about this item

    Keywords

    EFFICIENCY ; SOCIAL ASPECTS ; PREFERENCES;
    All these keywords.

    JEL classification:

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

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