Browsing Titles index "Multi-Profile Intergenerational Social Choice"
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(Université de Montréal. Département de sciences économiques., 2008-06)Ferejohn and Page transplanted a stationarity axiom from Koopmans’ theory of impatience into Arrow’s social choice theory with an infinite horizon and showed that the Arrow axioms and stationarity lead to a dictatorship by the first generation. We prove ...