Abstract
We develop an approach which escapes Arrow's impossibility by relying on information about agents' indifference curves instead of utilities. In a model where agents have unequal production skills and different preferences, we characterize social ordering functions which rely only on ordinal non-comparable information about individual preferences. These social welfare functions are required to satisfy properties of compensation for inequalities in skills, and equal access to resources for all preferences.
Original language | English (US) |
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Pages (from-to) | 93-127 |
Number of pages | 35 |
Journal | Social Choice and Welfare |
Volume | 24 |
Issue number | 1 |
DOIs | |
State | Published - Feb 2005 |
Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Social Sciences (miscellaneous)
- Economics and Econometrics