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On a Group Preference Axiomatization with Cardinal Utility

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Paula Sarabando _ Proceeddings GDN 2012.pdf40.78 KBAdobe PDF Ver/Abrir

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Arrow proposed a set of conditions for a function to aggregate ordinal preferences of the members of a group, proving that it was not possibl e to satisfy all these assumptions simultaneously. Later, Keeney adapted these conditions and proposed a cardinal utility axiomatization for the problem of aggregating the utility functions. This work dis cusses the condition of nondictatorship. It propose s a stronger formulation for this condition and prese nts the corresponding characterization of group cardinal utility functions.

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Utility functions Axiomatization Arrow’s theorem

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