Chichilnisky, Graciela (1990): Social choice and the closed convergence topology. Published in: Social Choice and Welfare , Vol. 8, (23. January 1991): pp. 307-317.
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This paper revisits the aggregation theorem of Chichilnisky (1980), replacing the original smooth topology by the closed convergence topology and responding to several comments (N. Baigent (1984, 1985, 1987, 1989), N. Baigent and P. Huang (1990) and M. LeBreton and J. Uriarte (1900 a, b). Theorems 1 and 2 establish the contractibility of three spaces of preferences: the space of strictly quasiconcave preferences Psco, its subspace of smooth preferences Pssco, and a space P1 of smooth (not necessarily convex) preferences with a unique interior critical point (a maximum). The results are proven using both the closed convergence topology and the smooth topology. Because of their contractibility, these spaces satisfy the necessary and sufficient conditions of Chichilnisky and Heal (1983) for aggregation rules satisfying my axioms, which are valid in all topologies. Theorem 4 constructs a family of aggregation rules satisfying my axioms for these three spaces. What these spaces have in common is a unique maximum (or peak). This rather special property makes them contractible, and thus amenable to aggregation rules satisfying anonymity and unanimity, Chichilnisky (1980 1982). The results presented here clarify an erroneous example in LeBreton and Uriarte (1990a, b) and respond to Baigent (1984, 1985, 1987) and Baigent and Huang (1990) on the relative advantages of continuous and discrete approaches to Social Choice.
|Item Type:||MPRA Paper|
|Original Title:||Social choice and the closed convergence topology|
|Keywords:||topology; mathematical economics; social choice; preferences|
|Subjects:||D - Microeconomics > D7 - Analysis of Collective Decision-Making > D71 - Social Choice; Clubs; Committees; Associations
C - Mathematical and Quantitative Methods > C0 - General > C02 - Mathematical Methods
|Depositing User:||Graciela Chichilnisky|
|Date Deposited:||21. Apr 2008 03:04|
|Last Modified:||17. Feb 2013 16:59|
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