Economics, Econometrics and Finance
4 years ago

New research reveals key to fair social welfare functions in societies.

1 view
Économie publique/Public economics
Arrow's theorem, Weglorz' models and the axiom of choice
Norbert Brunner, H. Reiju Mihara

Paper Summary

The article explores social welfare functions for large groups using a specific model of set theory. It finds that a fair social welfare function exists only if there is a certain mathematical structure in the model.

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