possibility theorem" precludes rational decision procedures generally and implies that in particular all voting procedures must be … flawed. I point out that all voting procedures are cardinal and that Arrow's result, based on preference orderings cannot … apply to them. All voting procedures that have been proposed, with the exception of approval voting, involve restrictions on …

In his seminal Social Choice and Individual Values, Kenneth Arrow stated that his theory applies to voting. Many voting … theorists have been convinced that, on account of Arrow's theorem, all voting methods must be seriously flawed. Arrow's theory … all voting methods are cardinal and therefore outside the reach of Arrow's result. Parallel to Arrow's ordinal approach …

Optimal voting rules have to be adjusted to the underlying distribution of preferences. However, in practice there … themselves choose voting rules according to which they decide in a second stage may increase the sum of individuals' payoffs if … understand how privately informed individuals decide when they choose voting rules and when they vote. Efficiency concerns play …

Weighted committees allow shareholders, party leaders, etc. to wield different numbers of votes or voting weights as …