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Social choice for bliss-point problems
Authors:Wolfram F. Richter
Affiliation:Institut für Mathematische Wirtschaftsforschung, Universität Bielefeld, 4800 Bielefeld I, F.G.R.
Abstract:This paper's concern is the axiomatic determination of social choice correspondences Ψ for a class of n-person problems that are characterized by some — generally — non-feasible bliss-point u(V)(?Vτ . Meeting appropriate assumptions of ‘planner's rationality’ it is shown that Ψ is necessarily norm-induced, i.e. one can find some norm |·| in Rn s.t. Ψ(V) = {u?V|6u-u(V)6=min{6v-u(V)6|v,V}}. The mathematical problem of recovering. from Ψ is one of integration which has its well-known parallel in the theory of revealed preference.
Keywords:Social choice theory  social welfare functional  revealed preference
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