Showing 1 - 10 of 21
Recent research on the Condorcet Jury Theorem has proven that informative voting (that is, voting according to one’s signal) is not necessarily rational. With two alternatives, rational voting typically leads to the election of the correct alternative, in spite of the fact that not all voters...
Persistent link: https://www.econbiz.de/10010939509
An alternative is a Condorcet winner if it beats all other alternatives in a pairwise majority vote. A social choice correspondence is a Condorcet extension if it selects the Condorcet winners–and nothing else–whenever a Condorcet winner exists. It is well known that Condorcet extensions are...
Persistent link: https://www.econbiz.de/10011263427
We consider methods of electing a fixed number of candidates, greater than one, by approval ballot. We define a representativeness property and a Pareto property and show that these jointly imply manipulability.
Persistent link: https://www.econbiz.de/10010784975
This note provides an alternative derivation of the leximin principle using the framework of Harsanyi’s (1953) equi-probability model. We demonstrate that the leximin principle is concluded if and only if the preference ordering of the impartial observer obeys strong monotonicity and complete...
Persistent link: https://www.econbiz.de/10010784997
In this paper, virtual implementation is restricted to deliver, on the equilibrium path, either a socially optimal outcome or a status quo: an outcome fixed for all preference profiles. Under such a restriction, for any unanimous and implementable social choice function there is a dictator, who...
Persistent link: https://www.econbiz.de/10010743680
We provide conditions under which a Condorcet winner exists when voters are exogenously distributed in groups, with preferences satisfying the single-crossing property separately inside each group. We also show that the majority voting social preference is acyclic.
Persistent link: https://www.econbiz.de/10010688080
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 [Yeh, C.-H., 2008. An efficiency characterization of plurality rule in collective choice...
Persistent link: https://www.econbiz.de/10010594062
We prove the following result which is equivalent to the Gibbard–Satterthwaite Theorem: when there are at least 3 alternatives, for any unanimous and strategy-proof social choice function, at any given profile if an individual’s top ranked alternative differs from the social choice, then she...
Persistent link: https://www.econbiz.de/10010594069
We propose a simple non-cooperative game model in which two fragmented teams compete to increase their performance. The theoretical framework is based on the theory of conflict. We show that, depending on the value of a parameter in the model, the power of the competing teams may be expressed as...
Persistent link: https://www.econbiz.de/10010594104
It is demonstrated that a preference profile will generate a transitive majority rule relation if and only if it is not balanced, a single-profile counterpart to a violation of value restriction.
Persistent link: https://www.econbiz.de/10010594136