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A social choice function may or may not satisfy a desirable property depending on its domain of definition. For the same reason, different conditions may be equivalent for functions defined on some domains, while not in other cases. Understanding the role of domains is therefore a crucial issue...
Persistent link: https://www.econbiz.de/10011049708
When members of a voting body exhibit single peaked preferences, pair-wise majority voting equilibria (Condorcet winners) always exist. Moreover, they coincide with the median(s) of the votersʼ most preferred alternatives. This important fact is known as the median voter result. Variants of it...
Persistent link: https://www.econbiz.de/10011049747