The Condorcet paradox illustrates Arrows impossibility theorem by showing that pairwise majority voting a is inconsistent with
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The Condorcet paradox illustrates Arrow’s impossibility theorem by showing that pairwise majority voting a is inconsistent with the principle of unanimity b leads to social preferences that are not transitive c violates the independence of irrelevant alternatives d makes one person in effect a dictator
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Principles Of Microeconomics [Australia And New Zealand Edition]
ISBN: 9781337408066
6th Edition
Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw
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