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On the equivalence of the Arrow impossibility theorem and the Brouwer fixed point theorem when individual preferences are weak orders
Authors:Yasuhito Tanaka
Institution:Faculty of Economics, Doshisha University, Kamigyo-ku, Kyoto 602-8580, Japan
Abstract:We will show that in the case where there are two individuals and three alternatives (or under the assumption of the free-triple property), and individual preferences are weak orders (which may include indifference relations), the Arrow impossibility theorem Arrow, K.J., 1963. Social Choice and Individual Values, second ed. Yale University Press] that there exists no binary social choice rule which satisfies the conditions of transitivity, Pareto principle, independence of irrelevant alternatives, and non-existence of dictator is equivalent to the Brouwer fixed point theorem on a 2-dimensional ball (circle). Our study is an application of ideas by Chichilnisky Chichilnisky, G., 1979. On fixed points and social choice paradoxes. Economics Letters 3, 347–351] to a discrete social choice problem, and also it is in line with the work by Baryshnikov Baryshnikov, Y., 1993. Unifying impossibility theorems: a topological approach. Advances in Applied Mathematics 14, 404–415].
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