Social Welfare Function

3. Properties of an Unspecified Social Welfare Function: You are given a social welfare function that satisfies the independence of irrelevant alternatives and Pareto criteria. There are two indi…

3. Properties of an Unspecified Social Welfare Function: You are given a social welfare function that satisfies the independe

3. Properties of an Unspecified Social Welfare Function: You are given a social welfare function that satisfies the independence of irrelevant alternatives and Pareto criteria. There are two individuals ea and b and three alternatives z, y, and z. When the individual preferences are Individual a: zyr Individual b: x y-z, the social welfare function produces the social ranking a. What can you deduce about the social ranking produced for the following new list of preferences? Individual a:y Individual b: a>y*i b. Does this social welfare function satisfy the universal domain criterion? Why or why not?

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3. Properties of an Unspecified Social Welfare Function: You are given a social welfare function that satisfies the independence of irrelevant alternatives and Pareto criteria. There are two indi…