In this paper we approach the concept of logrolling by examining a voting system where choices are made among sets of competing projects as a game in characteristic function form. We translate the question: "Will there be prices for votes on different projects which clear the market?" into a different, but equivalent question: "Is the formal game we have described a market game?" We show that in general the answer is no, unless all voters have virtually the same preferences.
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Length: 20 pages Date of creation: 1977 Date of revision: Publication status: Published in International Journal of Game Theory (1978), 7(3/4): 151-162 Handle: RePEc:cwl:cwldpp:445
Order Information: Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
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