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Econometrica
Article . 1977 . Peer-reviewed
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Social Choice Theory: A Re-Examination

Social choice theory: a re-examination
Authors: Sen, Amartya K;

Social Choice Theory: A Re-Examination

Abstract

Recent developments in social choice theory are critically surveyed in the light of a categorization of interpersonal aggregation problems into four distinct types that seem to require varying treatment but typically do not receive it. Informational inadequacy of the usual social choice framework is discussed in this context. A fairly thorough exploration of the correspondences between consistency conditions for choice functions and regularity properties of the binary relation of preference leads to a re-examination of the class of "impossibility" results in social choice theory, necessitating reinterpretations of various theorems (including Arrow's). SOCIAL CHOICE THEORY is "concerned with relationships between individuals' preferences and social choice" (Fishburn (1973, p. 3)). But a great many problems fit this general description and they can be classified into types that are fundamentally different from each other. It can be argued that some of the difficulties in the general theory of social choice arise from a desire to fit essentially different classes of group aggregation problems into one uniform framework and from seeking excessive generality. An alternative is to classify these problems into a number of categories and to investigate the appropriate structure for each category. In a small way, this is what will be done in this paper, and some of the recent developments in the theory of social choice will be examined in that light.

Keywords

Research exposition (monographs, survey articles) pertaining to game theory, economics, and finance, bibliography, Decision theory

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Powered by OpenAIRE graph
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
467
Top 1%
Top 0.1%
Top 10%
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