Unequivocal Majority and Maskin-Monotonicity
AbstractThe 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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Bibliographic InfoPaper provided by Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center in its series Working Papers with number 2008-3.
Length: 12 pages
Date of creation: Mar 2008
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Maskin-monotonicity; Majority; Condorcet winner;
Other versions of this item:
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-03-25 (All new papers)
- NEP-CDM-2008-03-25 (Collective Decision-Making)
- NEP-GTH-2008-03-25 (Game Theory)
- NEP-POL-2008-03-25 (Positive Political Economics)
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