Continuity in transformation invariant social orderings two impossibilities
We show that (1) a social ordering on R >= 0 that satisfies Strong Paretoness, Invariance with respect to a Positive Proportional Transformation and Lower Semi-Continuity does not exist and (2) that a social ordering on R > 0 that satisfies Weak Paretoness, Invariance with respect to an Affine...
| Izdano u: | The Philippine Review of Business and Economics Vol. XXXVI, No. 1 (June 1999), p. 14-21. |
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| Format: | Analytics |
| Jezik: | English |
| Izdano: |
1999.
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| Teme: |