Abstract
Although the Pareto principle is a very intuitive property, it has been observed that many results in social choice theory do not require it as an assumption. For example, Wilson [8] proved an impossibility theorem concerning the aggregation of individual preferences without the Pareto principle. Since Wilson's theorem implies as a corollary the Arrow impossibility theorem (Arrow [1]) when the Pareto principle is also assumed, it has been viewed by some as more fundamental than Arrow's theorem. However, most proofs of Wilson's theorem (in particular a recent ultrafilter approach proof by Campbell [3]) are so close to known proofs of Arrow's theorem that one might conjecture that these two results are essentially the same.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.