• Title of article

    An impossibility theorem with von Neumann-Morgenstern preferences

  • Author/Authors

    Amrita Dhillon، نويسنده , , Jean François Mertens، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 1997
  • Pages
    5
  • From page
    305
  • To page
    309
  • Abstract
    We prove an impossibility theorem in the context of VNM preferences when Pareto and an analogue of Maskinʹs Monotonicity are used. We show the crucial weakening required to avoid this.
  • Keywords
    Social welfare function , Utilitarianism , Arrowיs Impossibility Theorem , expected utility , Axiomatisation
  • Journal title
    Economics Letters
  • Serial Year
    1997
  • Journal title
    Economics Letters
  • Record number

    434405