Renault, Régis; Trannoy, Alain - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 4, pp. 497-513
The average voting procedure reflects the weighted average of expressed opinions in [0,1]. Participants typically … taste is central enough, the range of possible values for the average voting outcome is narrower than the corresponding … range for majority voting. For instance, if the average taste is at 1/2, the limit equilibrium outcome is this value plus or …