Top monotonicity: A common root for single peakedness, single crossing and the median voter result
When members of a voting body exhibit single peaked preferences, pair-wise majority voting equilibria (Condorcet winners) always exist. Moreover, they coincide with the median(s) of the votersʼ most preferred alternatives. This important fact is known as the median voter result. Variants of it also apply when single-peakedness fails, but preferences verify other domain restrictions, such as single-crossing, intermediateness or order restriction. Austen-Smith and Banks (1999) also proved that the result holds under single-peakedness, for a wide class of voting rules that includes the majority rule as a special case, and conveniently redefined versions of a median. We extend and unify previous results. We propose a new domain condition, called top monotonicity, which encompasses all previous domains restrictions, allows for new ones and preserves a version of the median voter result for a large class of voting rules. We also show that top monotonicity arises in interesting economic environments.
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- Gans, Joshua S. & Smart, Michael, 1996. "Majority voting with single-crossing preferences," Journal of Public Economics, Elsevier, vol. 59(2), pages 219-237, February.
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