ARROWS THEOREM FOR ECONOMIC DOMAINS AND EDGEWORTH HYPERBOXES

Citation
G. Bordes et al., ARROWS THEOREM FOR ECONOMIC DOMAINS AND EDGEWORTH HYPERBOXES, International economic review, 36(2), 1995, pp. 441-454
Citations number
14
Categorie Soggetti
Economics
ISSN journal
00206598
Volume
36
Issue
2
Year of publication
1995
Pages
441 - 454
Database
ISI
SICI code
0020-6598(1995)36:2<441:ATFEDA>2.0.ZU;2-I
Abstract
Arrow's theorem holds when the set of alternatives is an Edgeworth hyp erbox and the individuals have classical economic preferences over the ir consumption sets. (Free disposability is not assumed.) By classical individual preferences we mean preorders satisfying continuity, stric t convexity, strict monotonicity, and selfishness. A minor, but notewo rthy, accomplishment is the development of a general technique for ext ending two-commodity impossibility theorems to the general m-commodity counterpart.