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Social Preference , Social Choice , and Impossibility The preceding discussion makes abundant use of the idea of " social preference . " Should it be dropped , as suggested by Buchanan ? And if so , what would remain of Arrow's ...
Social Preference , Social Choice , and Impossibility The preceding discussion makes abundant use of the idea of " social preference . " Should it be dropped , as suggested by Buchanan ? And if so , what would remain of Arrow's ...
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ways in which social welfare judgments can be made using richer information than in the Arrow framework . This applies also to procedures specifically aimed at making social welfare judgments and other aggregative evaluations , based on ...
ways in which social welfare judgments can be made using richer information than in the Arrow framework . This applies also to procedures specifically aimed at making social welfare judgments and other aggregative evaluations , based on ...
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Arrow's impossibility theorem does indeed identify a profound difficulty in combining individual preference orderings into aggregative social welfare judgments ( Section II ) . But the result must not be seen as mainly a negative one ...
Arrow's impossibility theorem does indeed identify a profound difficulty in combining individual preference orderings into aggregative social welfare judgments ( Section II ) . But the result must not be seen as mainly a negative one ...
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Evidence? | 17 |
The Effect of Institutions on Economic Behavior | 409 |
Theory of Contracts | 432 |
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aggregate analysis assume average bank behavior benefits capital central changes choice coefficient condition consumption contract correlation cost countries decision demand depends discussion Economic effect employment equal equation equilibrium estimates evidence example expected firms function given growth higher households important income increase individual industry inflation interest International issue Journal labor less lower marginal mean measure ment monetary Notes observations output percent period player political population positive possible preferences Press probability problem question ratio reduce regression relative reported Research response Review risk rules sample schooling sector shocks significant social spending standard statistically studies suggests Table theory tion trade transfer United University utility variables wage welfare workers