Social Choice: Recent Developments
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Vanderbilt University
Abstract
Abstract: In the past quarter century, there has been a dramatic shift of focus in social choice theory, with structured sets of alternatives and restricted domains of the sort encountered in economic problems coming to the fore. This article provides an overview of some of the recent contributions to four topics in normative social choice theory in which economic modelling has played a prominent role: Arrovian social choice theory on economic domains, variable-population social choice, strategy-proof social choice, and axiomatic models of resource allocation.
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Social choice, Arrow's Theorem, Gibbard-Satterthwaite Theorem, strategy-proofness, fairness, axiomatic models of resource allocation., JEL Classification Number: D63