Voters arrive at a social ranking of alternatives by consulting a 'holy book': the social ranking is the ranking found in this book. Which of Arrow's axioms defining an attractive preference-aggregation method is violated by this method?
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Welfare economics and social choice has come up 62 times in 6 exams since 2004.
This question is on Social welfare functions and social choice, part of Welfare economics and social choice in Microeconomics.
Combining individual preferences into social judgements, and the limits of doing so.
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Question from the DSE 2018 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.