Saturday, December 21, 2024

KENNETH ARROW’S LAST THEOREM by Paul Milgrom

 Here's a fitting tribute to Ken Arrow, who died in 2017, in the special issue of the Journal of Mechanism and Institution Design in Hono(u)r of (the still very much alive) Vince Crawford, edited by Alex Tetylboym


KENNETH ARROW’S LAST THEOREM  by Paul Milgrom, in The Journal of Mechanism and Institution Design 9, no. 1 (2024): 7-11.


ABSTRACT: In Kenneth Arrow’s last week of life at age 95, he reported that “I began my research career with an impossibility theorem. If I had time now, my last theorem would be an impossibility theorem about social choice for environmental policy.” This paper completes the formalization, proof, and discussion of the theorem that Arrow then described. 

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Some earlier tributes to Ken:

Tuesday, February 21, 2017

Ken Arrow (1921-2017)

Saturday, September 23, 2017

 

 

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