Fundamentals of Social Choice Theory
This paper offers a short introduction to some of the fundamental results of social choice theory. Topics include Nash implementability, monotonic social choice correspondences, the Muller-Satterthwaite impossibility theorem, anonymous and neutral social choice correspondences, sophisticated solutions of binary agendas, the top cycle of a tournament, the bipartisan set for two-party competition, and median voter theorems. The paper begins with a simple example to illustrate the importance of multiple equilibria in game-theoretic models of political institutions.
References listed on IDEAS
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- Roberts, Kevin W. S., 1977. "Voting over income tax schedules," Journal of Public Economics, Elsevier, vol. 8(3), pages 329-340, December.
- Laffond G. & Laslier J. F. & Le Breton M., 1993. "The Bipartisan Set of a Tournament Game," Games and Economic Behavior, Elsevier, vol. 5(1), pages 182-201, January.
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- Moulin, Herve, 1994. "Social choice," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 2, chapter 31, pages 1091-1125 Elsevier.
- McKelvey, Richard D, 1979. "General Conditions for Global Intransitivities in Formal Voting Models," Econometrica, Econometric Society, vol. 47(5), pages 1085-1112, September.
- Sloth Birgitte, 1993. "The Theory of Voting and Equilibria in Noncooperative Games," Games and Economic Behavior, Elsevier, vol. 5(1), pages 152-169, January.
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