Impossibility theorems in multiple von Wright’s preference logic
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Published:2014
Issue:201
Volume:59
Page:69-84
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ISSN:0013-3264
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Container-title:Ekonomski anali
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language:en
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Short-container-title:EKON ANAL
Affiliation:
1. Faculty of Economics, Belgrade
Abstract
By using the standard combining logics technique (D. M. Gabbay 1999) we
define a generalization of von Wright?s preference logic (G. H. von Wright
1963) enabling to express, on an almost propositional level, the individual
and the social preference relations simultaneously. In this context we
present and prove the counterparts of crucial results of the Arrow-Sen social
choice theory, including impossibility theorems (K. Arrow 1951 and A. K. Sen
1970b), as well as some logical interdependencies between the dictatorship
condition and the Pareto rule, and thus demonstrate the power and
applicability of combining logics method in mathematical economics.
Funder
Ministry of Education, Science and Technological Development of the Republic of Serbia
Publisher
National Library of Serbia
Subject
General Economics, Econometrics and Finance
Cited by
2 articles.
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