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Signaling goodness: Social rules and public choice

โœ Scribed by David N. Laband


Book ID
106506807
Publisher
Springer US
Year
2005
Tongue
English
Weight
74 KB
Volume
125
Category
Article
ISSN
0048-5829

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A social welfare function satisfying Arrow's independence axiom is constant or authoritarian if it generates continuous and transitive social preferences over the space of allocations of public and private goods, and individual preferences have the classical economic properties. The social welfare f