Impossibilities with Kemeny updating

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Abstract

Impossibility theorems for preference correspondences based on a new monotonicity concept are discussed. Here monotonicity means that if preferences update in such a way that they get closer to an outcome then at the new situation this outcome remains chosen. Strong monotonicity requires further that in those cases the outcome at the new profile is a subset of the outcome at the old profile. It is shown that only dictatorial preference correspondences are unanimous and strongly monotone.
Original languageEnglish
Pages (from-to)229-231
JournalEconomics Letters
Volume116
Issue number2
DOIs
Publication statusPublished - 1 Jan 2012

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