Individual decisions and group decisions. The fundamental differences

Jean Marie Blin*, Mark A Satterthwaite

*Corresponding author for this work

Research output: Contribution to journalArticle

19 Scopus citations

Abstract

The paper contains a unified development of Arrow's impossibility theorem for rational group decisions, Gibbard and Satterthwaite's impossibility theorem for strategy-proof group decisions, and the close reciprocal relationship that exists between these two theorems.

Original languageEnglish (US)
Pages (from-to)247-267
Number of pages21
JournalJournal of Public Economics
Volume10
Issue number2
DOIs
StatePublished - Jan 1 1978

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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