NTA-UGC-NET & SET Exams
Free courses
Economics
Micro Economics
Lesson 4 of 5 • 9 upvotes • 11:27mins
Arrow explained 5 Axioms to reach soccial welfare point... and he said it is impossible without violating any one of the axiom. so it is known as impossibility theory
5 lessons • 52m
Kaldor hicks compensatiation rule
9:31mins
Double Criteria
10:05mins
Bergson-Samuelson Social Welfare Function
11:46mins
Arrow's Impossibility Theory
11:27mins
Theory of Second Best