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Unequivocal Majority and Maskin-Monotonicity

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Author Info
Pablo Amoros () (Department of Economic Theory, Universidad de Málaga)

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Abstract

The unequivocal majority of a social choice rule F is the minimum number of agents that must agree on their best alternative in order to guarantee that this alternative is the only one prescribed by F. If the unequivocal majority of F is larger than the minimum possible value, then some of the alternatives prescribed by F are undesirable (there exists a different alternative which is the most preferred by more than 50% of the agents). Moreover, the larger the unequivocal majority of F, the worse these alternatives are (since the proportion of agents that prefer the same different alternative increases). We show that the smallest unequivocal majority compatible with Maskin-monotonicity is n-((n-1)/m), where n=3 is the number of agents and m=3 is the number of alternatives. This value represents no less than 66.6% of the population.

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File URL: http://webdeptos.uma.es/THEconomica/malagawpseries/Papers/METCwp2008-3.pdf
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File Function: First version, 2008
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Publisher Info
Paper provided by Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center in its series Working Papers with number 2008-3.

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Length: 12 pages
Date of creation: Mar 2008
Date of revision:
Handle: RePEc:mal:wpaper:2008-3

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Related research
Keywords: Maskin-monotonicity; Majority; Condorcet winner;

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Find related papers by JEL classification:
C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy-Making and Implementation

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References listed on IDEAS
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  1. Greenberg, Joseph, 1979. "Consistent Majority Rules over Compact Sets of Alternatives," Econometrica, Econometric Society, vol. 47(3), pages 627-36, May. [Downloadable!] (restricted)
  2. Orhan Erdem & M. Sanver, 2005. "Minimal monotonic extensions of scoring rules," Social Choice and Welfare, Springer, vol. 25(1), pages 31-42, October. [Downloadable!] (restricted)
  3. Maskin, Eric, 1999. "Nash Equilibrium and Welfare Optimality," Review of Economic Studies, Blackwell Publishing, vol. 66(1), pages 23-38, January. [Downloadable!] (restricted)
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  4. William Thomson, 1999. "Monotonic extensions on economic domains," Review of Economic Design, Springer, vol. 4(1), pages 13-33. [Downloadable!] (restricted)
    Other versions:
  5. Eyal Baharad & Shmuel Nitzan, 2003. "The Borda rule, Condorcet consistency and Condorcet stability," Economic Theory, Springer, vol. 22(3), pages 685-688, October. [Downloadable!] (restricted)
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