"A Characterization of the Plurality Rule"
We consider an axiomatic characterization of the plurality rule, which selects the alternative(s) most preferred by the largest number of individuals. We strengthen the characterization result of Yeh (Economic Theory 34: 575{583, 2008) by replacing <em> effciency</em> axiom by the weaker axiom called <em>faithfulness</em>. Formally, we show that the plurality rule is the only rule satisfying <em>anonymity, neutrality, reinforcement, tops-only</em>, and<em> faithfulness</em>.
Year of publication: |
2012-01
|
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Authors: | Sekiguchi, Yohei |
Institutions: | Center for International Research on the Japanese Economy (CIRJE), Faculty of Economics |
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