Question: Based on our discussion in the lecture, how do you explain the fact that the Sum Utilitarian social welfare function satisfies all of Arrow's Axioms,

Based on our discussion in the lecture, how do you explain the fact that the Sum Utilitarian social welfare function satisfies all of Arrow's Axioms, including non-dictatorship?
Choice 1 of 4:Arrow's Theorem is false
Choice 2 of 4:Sum Utilitarian does not always produce a ranking of the alternatives
Choice 3 of 4:Sum Utilitarian does not always produce a transitive ranking of the alternatives
Choice 4 of 4:Sum Utilitarian violates the cardinal measurability invariance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!