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) |
|---|---|
| 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