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Acyclic social welfare

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  • Lahiri, Somdeb

Abstract

In this paper we show that if the Pareto relation is acyclic then the set of all Pareto optimal social states coincides with chosen social states of acyclic Paretian social welfare relations. Subsequently we show that given an acyclic Paretian social welfare relations the set of all social states chosen by it coincides with the set of all states chosen by strict Paretian extensions whose strict extension is the given social welfare relation.

Suggested Citation

  • Lahiri, Somdeb, 2009. "Acyclic social welfare," MPRA Paper 13687, University Library of Munich, Germany, revised 03 Mar 2009.
    • Handle: RePEc:pra:mprapa:13687
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    File URL: https://mpra.ub.uni-muenchen.de/13687/1/MPRA_paper_13687.pdf
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    References listed on IDEAS

    as
    1. Suzumura, Kotaro, 1999. "Paretian Welfare Judgements and Bergsonian Social Choice," Economic Journal, Royal Economic Society, vol. 109(455), pages 204-220, April.
    2. Banerjee, Asis & Pattanaik, Prasanta K., 1996. "A note on a property of maximal sets and choice in the absence of universal comparability," Economics Letters, Elsevier, vol. 51(2), pages 191-195, May.
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    More about this item

    Keywords

    acyclic; Paretian; social welfare;
    All these keywords.

    JEL classification:

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

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