The Condorcet Jur(ies) Theorem
AbstractShould two issues be decided jointly by a single committee or in separately by different committees? Similarly, should two defendants be tried together in a joint trial or tried separately in severed trials? Multiplicity of issues or defendants introduces novel strategic considerations. As in the standard Condorcet Jury Theorem, we consider large committees with common values and incomplete information. Our main result is that the joint trial by a single committee can aggregate information if and only if the severed trials by separate committees can aggregate information. Specifically, suppose that either for the joint trial or for the severed trials there exists a sequence of equilibria that implements the optimal outcome with probability approaching one as the number of voters goes to infinity. Then a sequence of equilibria with similar asymptotic efficiency exists for the other format. Thus, the advantage of either format cannot hinge on pure information aggregation with many signals.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Theory.
Volume (Year): 150 (2014)
Issue (Month): C ()
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/622869
Condorcet Jury Theorem; Information aggregation; Multiple; Combinatorial;
Find related papers by JEL classification:
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If references are entirely missing, you can add them using this form.