Abstention as an escape from Arrow's theorem
Antonio Qucsada
Abstract
Antonio Qucsada
Abstract
There are non-dictatorial social welfare functions satisfying the Pareto principle and Arrow's independence of irrelevant alternatives when voters can abstain. In particular, with just seven voters, the number of dictatorial social welfare functions satisfying Arrow's conditions could be deemed, relative to the total number of social welfare functions satisfying Arrow's conditions, negligible.
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There are non-dictatorial social welfare functions satisfying the Pareto principle and Arrow's independence of irrelevant alternatives when voters can abstain. In particular, with just seven voters, the number of dictatorial social welfare functions satisfying Arrow's conditions could be deemed, relative to the total number of social welfare functions satisfying Arrow's conditions, negligible.
Key concepts: Arrow, Arrow's impossibility theorem, Mathematical economics, Social welfare function, Pareto principle, Mathematics, Independence (probability theory), Welfare