A Social Choice Lemma on Voting Over Lotteries with Applications to a Class of Dynamic Games
We prove a lemma characterizing majority preferences over lotteries on a subset of Euclidean space. Assuming voters have quadratic von Neumann-Morgenstern utility representations, and assuming existence of a majority undominated (or "core") point, the core voter is decisive: one lottery is majority-preferred to another if and only if this is the preference of the core voter. Several applications of this result to dynamic voting games are discussed.
(This abstract was borrowed from another version of this item.)
Volume (Year): 26 (2006)
Issue (Month): 2 (April)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/economic+theory/journal/355|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Cho, Seok-ju & Duggan, John, 2003.
"Uniqueness of stationary equilibria in a one-dimensional model of bargaining,"
Journal of Economic Theory,
Elsevier, vol. 113(1), pages 118-130, November.
- Seok-ju Cho & John Duggan, 2001. "Uniqueness of Stationary Equilibria in a one-Dimensional Model of Bargaining," Wallis Working Papers WP23, University of Rochester - Wallis Institute of Political Economy.
- Banks, Jeffrey & Duggan, John & Le Breton, Michel, 2003.
"Social Choice and Electoral Competition in the General Spatial Model,"
IDEI Working Papers
188, Institut d'Économie Industrielle (IDEI), Toulouse.
- Banks, Jeffrey S. & Duggan, John & Le Breton, Michel, 2006. "Social choice and electoral competition in the general spatial model," Journal of Economic Theory, Elsevier, vol. 126(1), pages 194-234, January.
- Banks, Jeffrey S. & Duggan, John, 1999. "A Bargaining Model of Collective Choice," Working Papers 1053, California Institute of Technology, Division of the Humanities and Social Sciences.
- Bernhardt, Dan & Dubey, Sangita & Hughson, Eric, 2004. "Term limits and pork barrel politics," Journal of Public Economics, Elsevier, vol. 88(12), pages 2383-2422, December.
- Duggan, John & Fey, Mark, 2005.
"Electoral competition with policy-motivated candidates,"
Games and Economic Behavior,
Elsevier, vol. 51(2), pages 490-522, May.
- John Duggan & Mark Fey, . "Electoral Competition with Policy-Motivated Candidates," Wallis Working Papers WP19, University of Rochester - Wallis Institute of Political Economy.
When requesting a correction, please mention this item's handle: RePEc:spr:sochwe:v:26:y:2006:i:2:p:285-304. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.