The Possibility of a Social Welfare Function


Published in: American Economic Review, v. 57, no. 5, Communications, Dec. 1967, p. 1301-1304

Posted on on December 31, 1966

by Rolla Edward Park

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Author comments on vote markets and decision making. No stable outcome normally exists with vote trading; the author points out flaws in James S. Coleman's social welfare function model.

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