The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Nov, 1993, Volume 61, Issue 6
https://doi.org/0012-9682(199311)61:6<1355:TO1-TT>2.0.CO;2-0
p. 1355-1365
Donald E. Campbell, Jerry S. Kelly
A social welfare function $f$ is Arrovian if it has transitive values and satisfies Arrow's independence of irrelevant alternatives condition. For any fraction $t$ and any Arrovian social welfare function $f$, either there will be some individual who dictates on a subset containing at least the fraction $t$ of outcomes, or at least the fraction $1 - t$ of the ordered pairs of outcomes have their social ranking fixed independently of individual preference. If individual preferences are strong, we can say more: Associated with any Arrovian social welfare function, there is a set containing a large fraction of citizens whose preferences are not consulted in determining the social ranking of a large fraction of the pairs of alternatives. (The Pareto criterion is not assumed.)
March 5, 2024
The terms of the Editors of the Econometric Society's three journals end June 30, 2025. We are pleased to announce the incoming Editors and to thank the outgoing Editors for their excellent and continuing service.
Econometrica: Since 2019, Guido Imbens has served as the 14th Editor of Econometrica. On July 1, 2025, Marina Halac will become the Editor.
Quantitative Economics: Stéphane Bonhomme has been the Editor of Quantitative Economics since 2021. His successor will be Bernard Salanié.
Theoretical Economics: The Editor of Theoretical Economics since 2021 has been Simon Board. Taking over for him in July 2025 will be Federico Echenique.
Guido, Stéphane, and Simon have been outstanding Editors. We are grateful to them for the work they have done and will continue to do, and we look forward to further congratulating them next year. We believe Marina, Bernard, and Federico will be outstanding successors and we thank them in advance for their service.
Finally, we are grateful to Larry Samuelson for chairing all three search committees, and we thank the search committee members for their hard and fruitful work:
Econometrica: Christian Dustmann, Lars Hansen, Alessandro Lizzeri, George Mailath, Ariel Pakes, Helene Rey, and Elie Tamer.
QE: Kate Ho, Michael Keane, Felix Kubler, Whitney Newey, and Frank Schorfheide.
TE: Jeff Ely, Johannes Horner, Gilat Levy, Meg Meyer, and Ran Spiegler.
