What Is the Difference Between the Voting Paradox and the Arrow

question 78

Essay

What is the difference between the voting paradox and the Arrow impossibility theorem?

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Definitions:

Union Contracts

Legally binding agreements between unions and employers detailing wages, hours, and working conditions for employees.

Management Rights Clause

A provision often found in collective bargaining agreements that delineates certain functions and decisions that are reserved for management's discretion.

Union Security Clause

A union security clause in a collective bargaining agreement requires all employees in the bargaining unit to become union members or pay union dues, ensuring union support and financial stability.

Seniority Rights

Involve privileges or benefits granted to employees based on their length of service with an employer, often affecting job security, promotions, and layoffs.