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
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
Journal title :
Economics Letters