Problem Set 1 - Problem Set 1 Social Choice Instructor:...

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Unformatted text preview: Problem Set 1 Social Choice Instructor: Todd Sarver Econ 310-2, Fall 2011 TA: Robert Molony (Any email questions regarding this PS should be sent to this TA.) Complete all problems and explain your answers carefully. This problem set is due on Thursday, October 6 at 4:45pm in the mailbox labeled Todd Sarver in the Economics Department main office (302 Andersen Hall). At the top of your assignment, please include the TA whose discussion session you attend (Guannan, Robert, Esteban) and the day that you attend (Monday, Friday). 1 Aggregating Preferences Consider the individual and social preferences below listed below, where alternatives are listed in decreasing order of preference (for this problem, assume all individual and social preferences are transitive). For each of the following, describe which (if any) of the assumptions of Arrows theorem (UD, PC, IIA) are violated, or if there is a dictator. Give a brief explanation of each violation that your find. (Note that while a complete description of a SWFP would require that I tell you the social preferences for every possible profile of individual preferences, I will specify only as much as...
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This note was uploaded on 10/03/2011 for the course ECON 310-2 taught by Professor Sarver during the Spring '08 term at Northwestern.

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Problem Set 1 - Problem Set 1 Social Choice Instructor:...

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