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This paper analyzes a sequential voting mechanism that eliminates at each round one candidate, until only one of them is left (the winner). The candidates are the voters and they only differ across their skill level. The payoff allocated to the winner depends on the sequence of elimination of...
Persistent link: https://www.econbiz.de/10010789968
A well-known result in Social Choice theory is the following: every scoring rule (positional rules) violates Condorcet consistency. A rule is Condorcet consistent when it selects the alternative that is preferred to every other alternative by a majority of individuals. In this paper, we...
Persistent link: https://www.econbiz.de/10010575734
According to a given quota q, a candidate a is beaten by another candidate b if at least a proportion of q individuals prefer b to a. The q-Condorcet efficiency of a voting rule is the probability that the rule selects a q-Condorcet winner (q-CW), that is any candidate who is never beaten under...
Persistent link: https://www.econbiz.de/10010672393
The spatial analysis of power indices is commonly used in the literature to study the importance of ideological criteria. Our purpose is to show, through the example of some french groupings of local cities, the importance of the geographical situation of the players when considering power...
Persistent link: https://www.econbiz.de/10005328205
In this paper, we compare the five more famous methods of apportionment, the methods of Adams, Dean, Hill, Webster and Jefferson. The criteria used for this comparison is the minimization of a distance between a power vector and a population vector. The power is measured with the well-known...
Persistent link: https://www.econbiz.de/10005328207
A classical problem in the power index literature is to design a voting mechanism such as the distribution of power of the different players is equal (or closer) to a pre established target. This tradition is especially popular when considering two tiers voting mechanisms: each player votes in...
Persistent link: https://www.econbiz.de/10005328340
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In this paper we address the issue of measuring price performance for the Paris residential market. Our main focus is on choosing the appropiate index or indices capable of efficiently capturing capital growth, capital risk, and identifying the main risk factors inherent in this specific...
Persistent link: https://www.econbiz.de/10005021642
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