The Arrow Impossibility Theorem by Eric Maskin
This clear, concise work explains Arrow’s impossibility theorem—showing that no rank-order voting system can simultaneously satisfy reasonable conditions like Pareto efficiency, independence of irrelevant alternatives, and non-dictatorship when there are three or more options—presents the theorem’s proof and historical background, and discusses its implications for voting, collective decision-making, and economics, along with ways theorists have responded (such as restricting preference domains, weakening axioms, or adopting alternative aggregation rules).
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- English
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