A note on Condorcet consistency and the median voter
AbstractWe discuss to which extent the median voter theorem extends to the domain of single-peaked preferences on median spaces. After observing that on this domain a Condorcet winner need not exist, we show that if a Condorcet winner does exist, then it coincides with the median alternative ('the median voter'). Based on this result, we propose two non-cooperative games that implement the unique strategy-proof social choice rule on this domain. --
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Bibliographic InfoPaper provided by Karlsruhe Institute of Technology (KIT), Department of Economics and Business Engineering in its series Working Paper Series in Economics with number 17.
Date of creation: 2011
Date of revision:
Other versions of this item:
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-23 (All new papers)
- NEP-CDM-2011-04-23 (Collective Decision-Making)
- NEP-POL-2011-04-23 (Positive Political Economics)
- NEP-PUB-2011-04-23 (Public Finance)
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