Abstract:

This paper examines how a society should construct a comprehensive state space from individuals’ distinct state spaces in the absence of an exogenously specified state space. We show that the social state space must coincide with the Cartesian product of individual state spaces. Our characterization is based on four normative axioms, three of which are weak Pareto-type conditions designed to rule out spurious unanimity that can arise from preferences over menus.

Location:

Room 2E29, CEPS ENS Paris-Saclay
4 avenue des Sciences, 91190, Gif-sur-Yvette