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Arrow's impossibility theorem: Two simple single-profile versions

Author

Listed:
  • Allan M. Feldman

    (Brown University)

  • Roberto Serrano

    (Brown University and IMDEA Social Sciences)

Abstract

In this short paper we provide two simple new versions of Arrow's impossibility theorem, in a world with only one preference profile. Both versions are extremely transparent. The first version assumes a two-agent society; the second version, which is similar to a theorem of Pollak, assumes two or more agents. Both of our theorems rely on diversity of preferences axioms, and we explore alternative notions of diversity at length. Our first theorem also uses a neutrality assumption, commonly used in the literature; our second theorem uses a neutrality/monotonicity assumption, which is stronger and less commonly used. We provide examples to show the logical independence of the axioms, and to illustrate our points.

Suggested Citation

  • Allan M. Feldman & Roberto Serrano, 2007. "Arrow's impossibility theorem: Two simple single-profile versions," Working Papers 2007-07, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
  • Handle: RePEc:imd:wpaper:wp2007-07
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    References listed on IDEAS

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    1. Marc Fleurbaey & Philippe Mongin, 2005. "The news of the death of welfare economics is greatly exaggerated," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 25(2), pages 381-418, December.
    2. Robert A. Pollak, 1979. "Bergson-Samuelson Social Welfare Functions and the Theory of Social Choice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 93(1), pages 73-90.
    3. Sen, Amartya K, 1977. "Social Choice Theory: A Re-examination," Econometrica, Econometric Society, vol. 45(1), pages 53-89, January.
    4. repec:bla:econom:v:44:y:1977:i:173:p:81-88 is not listed on IDEAS
    5. Robert P. Parks, 1976. "An Impossibility Theorem for Fixed Preferences: A Dictatorial Bergson-Samuelson Welfare Function," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 43(3), pages 447-450.
    6. Allan M. Feldman & Roberto Serrano, 2006. "Welfare Economics and Social Choice Theory, 2nd Edition," Springer Books, Springer, edition 2, number 978-0-387-29368-4, January.
    7. Rubinstein, Ariel, 1984. "The Single Profile Analogues to Multi Profile Theorems: Mathematical Logic's Approach," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(3), pages 719-730, October.
    8. K. J. Arrow & A. K. Sen & K. Suzumura (ed.), 2002. "Handbook of Social Choice and Welfare," Handbook of Social Choice and Welfare, Elsevier, edition 1, volume 1, number 1.
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    More about this item

    Keywords

    Arrow's theorem; single-profile;

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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