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Dynamically consistent voting rules

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  • Chandrasekher, Madhav

Abstract

This paper studies preference aggregation in a dynamic choice context. Voters face menus of options in stages and the source of dynamics is that menus possibly get smaller across each stage. We call the family of stage voting rules “dynamic voting rules” and provide an axiomatic characterization, on the domain of single-peaked preferences, of dynamic voting rules that are strategy-proof and satisfy a second property, inspired from choice theory, which we call dynamic consistency.

Suggested Citation

  • Chandrasekher, Madhav, 2015. "Dynamically consistent voting rules," Journal of Economic Theory, Elsevier, vol. 160(C), pages 175-187.
    • Handle: RePEc:eee:jetheo:v:160:y:2015:i:c:p:175-187
    DOI: 10.1016/j.jet.2015.08.012
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    References listed on IDEAS

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    1. Lagunoff, Roger, 2009. "Dynamic stability and reform of political institutions," Games and Economic Behavior, Elsevier, vol. 67(2), pages 569-583, November.
    2. Amartya Sen, 1969. "Quasi-Transitivity, Rational Choice and Collective Decisions," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 36(3), pages 381-393.
    3. H. Moulin, 1980. "On strategy-proofness and single peakedness," Public Choice, Springer, vol. 35(4), pages 437-455, January.
    4. Machina, Mark J, 1989. "Dynamic Consistency and Non-expected Utility Models of Choice under Uncertainty," Journal of Economic Literature, American Economic Association, vol. 27(4), pages 1622-1668, December.
    5. Salvador Barberà, 2001. "An introduction to strategy-proof social choice functions," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 18(4), pages 619-653.
    6. Matthew O. Jackson & Leeat Yariv, 2015. "Collective Dynamic Choice: The Necessity of Time Inconsistency," American Economic Journal: Microeconomics, American Economic Association, vol. 7(4), pages 150-178, November.
    7. Barbera, Salvador & Masso, Jordi & Neme, Alejandro, 1997. "Voting under Constraints," Journal of Economic Theory, Elsevier, vol. 76(2), pages 298-321, October.
    8. Douglas Bernheim, B. & Ray, Debraj, 1989. "Collective dynamic consistency in repeated games," Games and Economic Behavior, Elsevier, vol. 1(4), pages 295-326, December.
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    Cited by:

    1. Mihir Bhattacharya, 2019. "Constitutionally consistent voting rules over single-peaked domains," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 52(2), pages 225-246, February.

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    More about this item

    Keywords

    Aggregation of preferences; Dynamic consistency; Strategy-proofness;
    All these keywords.

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D60 - Microeconomics - - Welfare Economics - - - General
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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