AbstractWe derive necessary and sufficient conditions in order for a finite number of binary voting choices to be consistent with the hypothesis that voters have preferences that admit concave utility representations. When the location of the voting alternatives is known, we apply these conditions in order to derive simple, nontrivial testable restrictions on the location of voters’ ideal points, and in order to predict individual voting behavior. If, on the other hand, the location of voting alternatives is unrestricted then voting decisions impose no testable restrictions on the joint location of voter ideal points, even if the space of alternatives is one dimensional. Furthermore, two dimensions are always sufficient to represent or fold the voting records of any number of voters while endowing all these voters with strictly concave preferences and arbitrary ideal points. The analysis readily generalizes to choice situations over any finite sets of alternatives.
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Bibliographic InfoPaper provided by University of Rochester - Wallis Institute of Political Economy in its series Wallis Working Papers with number WP51.
Length: 38 pages
Date of creation: Jan 2008
Date of revision:
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Postal: University of Rochester, Wallis Institute, Harkness 109B Rochester, New York 14627 U.S.A.
Other versions of this item:
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-02-02 (All new papers)
- NEP-CDM-2008-02-02 (Collective Decision-Making)
- NEP-DCM-2008-02-02 (Discrete Choice Models)
- NEP-POL-2008-02-02 (Positive Political Economics)
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