Question
Consider the following SWF. Fix a preference ordering over alternatives detoned0. For each pair of alternativesAandB, alternativeAis considered to be socially preferred to alternativeBif and
Consider the following SWF. Fix a preference ordering over alternatives detoned0. For each pair of alternativesAandB, alternativeAis considered to be socially preferred to alternativeBif and only ifA0B. In other words,=0, regardless of the individual's preferences.
(a)Does it satisfy universal domain?(b)Does it satisfy unanimity?
(c)Does it satisfy independence of irrelevant alternatives?(d)Is it a dictatorship?
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Financial Accounting
Authors: Jan Williams, Mark Bettner, Joseph Carcello
18th Edition
1260247945, 9781260247947
