Social choice with infinite populations: construction of a rule and impossibility results

Abstract. We provide a simple construction of social choice rules for economies with infinite populations. The rules are continuous, Pareto and non-dictatorial; they are constructed as limits of individual preferences when the limit exists, and otherwise as adequate generalizations. This contrasts with the impossibility results of Arrow (1951) and Chichilnisky (1980), which are valid on economies with finitely many individuals. Our social choice rules are, however, limits of dictatorial rules. This paper was written in 1979.

[1]  Yu. I. Baryshnikov,et al.  Unifying Impossibility Theorems: A Topological Approach , 1993 .

[2]  Graciela Chichilnisky Social Aggregation Rules and Continuity , 1982 .

[3]  Graciela Chichilnisky Topological Aggregation of Preferences: The Case of a Continuum of Agents , 1994 .

[4]  Leonard Gillman,et al.  Rings of continuous functions , 1961 .

[5]  G. Chichilnisky Structural Instability of Decisive Majority Rules , 1982 .

[6]  Infinite Chichilnisky rules , 1993 .

[7]  D. Black On the Rationale of Group Decision-making , 1948, Journal of Political Economy.

[8]  Gleb A. Koshevoy,et al.  A topological approach to social choice with infinite populations , 1994 .

[9]  R. Ho Algebraic Topology , 2022 .

[10]  Graciela Chichilnisky,et al.  The Topological Equivalence of the Pareto Condition and the Existence of a Dictator , 1982 .

[11]  Limited arbitrage is necessary and sufficient for the existence of a competitive equilibrium with or without short sales , 1995 .

[12]  Luc Lauwers,et al.  Continuity and equity with infinite horizons , 1997 .

[13]  Dieter Sondermann,et al.  Arrow's theorem, many agents, and invisible dictators☆ , 1972 .

[14]  G. Chichilnisky Social Choice and Game Theory: Recent Results with a Topological Approach , 1983 .

[15]  G. Chichilnisky,et al.  Topological aggregation of preferences: the case of a continuum of agents , 1997 .

[16]  Peter C. Fishburn,et al.  Arrow's impossibility theorem: Concise proof and infinite voters , 1970 .

[17]  Graciela Chichilnisky,et al.  Necessary and Sufficient Conditions for a Resolution of the Social Choice Paradox , 1981 .

[18]  G. Chichilnisky Limited Arbitrage is Necessary and Sufficient for the Existence of a Competitive Equilibrium , 1996 .

[19]  J. Neveu,et al.  Mathematical foundations of the calculus of probability , 1965 .

[20]  Social Diversity, Arbitage, and Gains from Trade: A Unified Perspective on Resource Allocation , 1994 .

[21]  Juan Carlos Candeal,et al.  Some issues related to the topological aggregation of preferences , 1992 .

[22]  L. Lauwers A note on weak ∞-Chichilnisky rules , 1997 .

[23]  J. Marsden,et al.  Lectures on analysis , 1969 .

[24]  Graciela Chichilnisky,et al.  A Unified Perspective on Resource Allocation : Limited Arbitrage is Necessary and Sufficient for the Existence of a Competitive Equilibrium, the Core and Social Choice , 1995 .

[25]  Graciela Chichilnisky,et al.  On Strategic Control , 1993 .

[26]  Markets, Arbitrage and Social Choices , 1992 .

[27]  Community preferences and social choice , 1983 .

[28]  Graciela Chichilnisky,et al.  What is Sustainable Development , 1997, Encyclopedia of Public Administration and Public Policy, Third Edition.

[29]  Graciela Chichilnisky,et al.  Social Choice and the Topology of Spaces of Preferences , 1980 .

[30]  K. Arrow Social Choice and Individual Values , 1951 .