The Econometric Society An International Society for the Advancement of Economic Theory in its Relation to Statistics and Mathematics
Home Contacts
Econometrica

New Journals

Econometrica
Editorial Board
Journal News

Monograph Series

July 1982 - Volume 50 Issue 4 Page 931 - 944


p.931


Acyclic Collective Choice Rules

Douglas H. Blair
Robert A. Pollak

Abstract

This paper establishes a natural and satisfying characterization of the class of collective choice rules which are acyclic and satisfy the Arrow axioms (unrestricted domain, independence of irrelevant alternatives, and the weak Pareto principle). We show that, when the number of alternatives is larger than the number of individuals, there must exist an individual who can "veto" at least some critical number of pairwise decisions. This critical number of veto pairs depends on the number of alternatives and individuals, and, as the number of alternatives increases without limit, the fraction of all pairs which some individual can veto approaches unity. We also present a global veto theorem and an axiomatic characterization of the Pareto extension rule which utilizes acyclicity rather than quasi-transitivity.

Full content Login                                    

Note: to view the fulltext of the article, please login first and then click the "full content" button. If you are based at a subscribing Institution or Library or if you have a separate access to JSTOR/Wiley Online Library please click on the "Institutional access" button.
Prev | All Articles | Next
Go to top
Membership



Email me my password
Join/Renew
Change your address
Register for password
Require login:
Amend your profile
E-mail Alerting
The Society
About the Society
Society News
Society Reports
Officers
Fellows
Members
Regions
Meetings
Future Meetings
Past Meetings
Meeting Announcements
Google
web this site
   
Wiley-Blackwell
Site created and maintained by Wiley-Blackwell.
Comments? Contact customsiteshelp@wiley.com
To view our Privacy Policy, please click here.