The Arrow Impossibility Theorem

by Eric Maskin and Amartya Sen

Book Overview

Kenneth J. Arrow's pathbreaking "impossibility theorem" was a watershed innovation in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence.

In this book Eric Maskin and Amartya Sen explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's...

• Format: Hardcover
• Language: English
• ISBN: 0231153287
• ISBN13: 9780231153287
• Release Date: July 2014
• Publisher: Columbia University Press
• Length: 168 Pages
• Weight: 0.75 lbs.
• Dimensions: 0.7" x 5.7" x 8.3"
• Grade Range: Postsecondary and higher