Top monotonicity: A common root for single peakedness, single crossing and the median voter result
AbstractWhen 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 also apply when single-peakedness fails, but preferences verify other domain restrictions, such as single-crossing, intermediateness or order restriction. Austen-Smith and Banks (1999) also proved that the result holds under single-peakedness, for a wide class of voting rules that includes the majority rule as a special case, and conveniently redefined versions of a median. We extend and unify previous results. We propose a new domain condition, called top monotonicity, which encompasses all previous domains restrictions, allows for new ones and preserves a version of the median voter result for a large class of voting rules. We also show that top monotonicity arises in interesting economic environments.
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Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 73 (2011)
Issue (Month): 2 ()
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Web page: http://www.elsevier.com/locate/inca/622836
Single peaked; Single crossing and intermediate preferences; Majority (Condorcet) winners;
Other versions of this item:
- Salvador Barberà & Bernardo Moreno, 2010. "Top monotonicity: A common root for single peakedness, single crossing and the median voter result," Working Papers 297, Barcelona Graduate School of Economics.
- Salvador Barberà & Bernardo Moreno, 2008. "Top Monotonicity: A Common Root for Single Peakedness, Single Crossing and the Median Voter Result," Working Papers 2008-9, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center.
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
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