Trade-offs in the spatial model of resource allocation

Donald E. Campbell; Jerry S. Kelly

doi:10.1016/0047-2727(95)01520-5

Trade-offs in the spatial model of resource allocation

Donald E. Campbell, Jerry S. Kelly

Department of Economics

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

We investigate Arrow's problem for the space of allocations of public goods and the domain of profiles of Euclidean individual preferences. We allow some efficiency to be sacrificed in order to avoid dictatorship, but if independence of irrelevant alternatives and transitivity of social preference remain in force, then there is no social welfare function that permits a significant departure from dictatorship without a substantial sacrifice of efficiency.

Original language	English (US)
Pages (from-to)	1-19
Number of pages	19
Journal	Journal of Public Economics
Volume	60
Issue number	1
DOIs	https://doi.org/10.1016/0047-2727(95)01520-5
State	Published - Apr 1996

Keywords

Euclidean preference
Public goods
Social welfare function
Spatial model
Trade-offs

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/0047-2727(95)01520-5

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title = "Trade-offs in the spatial model of resource allocation",

abstract = "We investigate Arrow's problem for the space of allocations of public goods and the domain of profiles of Euclidean individual preferences. We allow some efficiency to be sacrificed in order to avoid dictatorship, but if independence of irrelevant alternatives and transitivity of social preference remain in force, then there is no social welfare function that permits a significant departure from dictatorship without a substantial sacrifice of efficiency.",

keywords = "Euclidean preference, Public goods, Social welfare function, Spatial model, Trade-offs",

author = "Campbell, {Donald E.} and Kelly, {Jerry S.}",

note = "Funding Information: We are gratefult o the editor and our anonymourse fereesfo r suggesting improvementins expositionW. e also thank the participantosf the economic theory workshop at the Hebrew University of Jerusalem for helpful comments.C ampbell'sr esearchw as financed by the National Science Foundationg, rantn umberS ES 9209039.",

year = "1996",

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T1 - Trade-offs in the spatial model of resource allocation

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AU - Kelly, Jerry S.

N1 - Funding Information: We are gratefult o the editor and our anonymourse fereesfo r suggesting improvementins expositionW. e also thank the participantosf the economic theory workshop at the Hebrew University of Jerusalem for helpful comments.C ampbell'sr esearchw as financed by the National Science Foundationg, rantn umberS ES 9209039.

PY - 1996/4

Y1 - 1996/4

N2 - We investigate Arrow's problem for the space of allocations of public goods and the domain of profiles of Euclidean individual preferences. We allow some efficiency to be sacrificed in order to avoid dictatorship, but if independence of irrelevant alternatives and transitivity of social preference remain in force, then there is no social welfare function that permits a significant departure from dictatorship without a substantial sacrifice of efficiency.

AB - We investigate Arrow's problem for the space of allocations of public goods and the domain of profiles of Euclidean individual preferences. We allow some efficiency to be sacrificed in order to avoid dictatorship, but if independence of irrelevant alternatives and transitivity of social preference remain in force, then there is no social welfare function that permits a significant departure from dictatorship without a substantial sacrifice of efficiency.

KW - Euclidean preference

KW - Public goods

KW - Social welfare function

KW - Spatial model

KW - Trade-offs

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Trade-offs in the spatial model of resource allocation

Abstract

Keywords

ASJC Scopus subject areas

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