Two axioms for the majority rule
AbstractTwo axioms are shown to characterize the relative majority rule when preferences are defined over two alternatives. According to one axiom, if all the individuals in a group are indifferent, then the associated group preference is indifference. The second axiom states that a group S prefers alternative a to alternative b if and only if there is a subgroup T whose members unanimously prefer a to b and such that, if S ≠ T, indifference represents the preference of the group S/T.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 30 (2010)
Issue (Month): 4 ()
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Social welfare function; relative majority rule; axiomatic characterization; two alternatives.;
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- D7 - Microeconomics - - Analysis of Collective Decision-Making
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