Wulf Gaertner provides a comprehensive account of an important and complex issue within social choice theory: how to establish a social welfare function while restricting the spectrum of individual preferences in a sensible way. Gaertner's starting point is K. J. Arrow's famous 'Impossibility Theorem', which showed that no welfare function could exist if an unrestricted domain of preferences is to be satisfied together with some other appealing conditions. A number of leading economists have tried to provide avenues out of this 'impossibility' by restricting the variety of preferences: here, Gaertner provides a clear and detailed account, using standardized mathematical notation, of well over forty theorems associated with domain conditions. Domain Conditions in Social Choice Theory will be an essential addition to the library of social choice theory for scholars and their advanced graduate students.
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(216mm x 138mm x 10mm)
Cambridge University Press
Publisher: Cambridge University Press
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Author Biography - Wulf Gaertner
WULF GAERTNER is Professor of Economics at the University of Osnabruck. He has been a Visiting Scholar at Harvard University and at the London School of Economics and Political Science and has published extensively on social choice theory in leading journals. He is one of the managing editors of the journal Social Choice and Welfare.