Trade-offs in the spatial model of resource allocation

Donald E. Campbell, Jerry S. Kelly

Research output: Contribution to journalArticlepeer-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 languageEnglish (US)
Pages (from-to)1-19
Number of pages19
JournalJournal of Public Economics
Volume60
Issue number1
DOIs
StatePublished - 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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