S-Space College of Social Sciences (사회과학대학) Institute of Economics Research (경제연구소) Seoul Journal of Economics Seoul Journal of Economics vol.02(3) (Fall 1989)
Monotonicity and Independence Axioms for Quasi-linear Social Choice Problems
- Chun, Youngsub
- Issue Date
- Seoul Journal of Economics, Vol.2 No.3, pp. 225-244
- We consider quasi-linear social choice problems. A society must choose one among a finite number of costless public decisions; money is available to perform side payments; each agent has quasi-linear preferences. We are interested in determining what public decision should be chosen and what side payments among agents should be performed. By formulating monotonicity and independence axioms relating various changes in the set of public decision, we characterize egalitarianism.