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Impossibility results in the axiomatic theory of intertemporal choice

✍ Scribed by Edward Packel

Publisher
Springer US
Year
1980
Tongue
English
Weight
446 KB
Volume
35
Category
Article
ISSN
0048-5829

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✦ Synopsis

Lake Forest College * The author wishes to thank Ken Shepsle and an anonymous referee for their helpful comments. Public Choice 35 (1980) 219-227. All rights reserved.

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A complete classification theorem for voting processes on a smooth choice space Ir of dimension w is presented. Any voting process a is classified by two integers v\*(a) and w(a), in terms of the existence or otherwise of the optima set, IO(a), and the cycle set IC(a). In dimension below v\*(o) the