Abstract

AbstractThis paper examines the incompleteness of collective preference. We provide a series of Arrovian impossibility theorems without completeness. First, we consider the notion of regularity introduced by Eliaz and Ok (2006, Games and Economic Behavior 56, 61–86); it is an appropriate richness property for strict preference when preference is allowed to be incomplete. We examine the implication of imposing regularity on collective preference. Second, we propose responsiveness, a variation of positive responsiveness. This axiom requires that some changes in individual preferences make an alternative weakly better than another. Third, we consider coherency conditions for collective preferences; this conditionally requires the existence of comparable pairs in a certain manner. We prove an impossibility result for each condition using Arrovian axioms.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

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.