Paper Info
Title
From Arrow's Theorem to Incentives and Price Dynamics
Abstract
Arrow's impossibility theorem has served as a dominant result within the social sciences for the last half-century. But, does it mean what we thought it did? Does it really require a dictator, or are there alternative, more benign interpretations? By developing an alternative interpretation, we discover that Arrow's result has interesting implications in a variety of topics ranging from the free rider problem of economics, incentives, and even an explanation for the chaotic behavior of price dynamics.
Year
DOI
Venue
1999
10.1016/S1571-0653(04)00024-1
Electronic Notes in Discrete Mathematics
Keywords
Field
DocType
social science,free rider problem
Social choice theory,Arrow's impossibility theorem,Mathematical economics,Arrow,Incentive,Free rider problem,Chaotic,Mathematics,Dictator
Journal
Volume
ISSN
Citations 
2
Electronic Notes in Discrete Mathematics
0
PageRank 
References 
Authors
0.34
0
1
Name
Order
Citations
PageRank
DONALD G. SAARI19929.14