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A Social Choice Lemma on Voting Over Lotteries with Applications to a Class of Dynamic Games

  • Jeffrey Banks
  • John Duggan

    ()

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.)

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File URL: http://hdl.handle.net/10.1007/s00355-006-0090-6
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Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 26 (2006)
Issue (Month): 2 (April)
Pages: 285-304

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Handle: RePEc:spr:sochwe:v:26:y:2006:i:2:p:285-304
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  1. John Duggan & Mark Fey, . "Electoral Competition with Policy-Motivated Candidates," Wallis Working Papers WP19, University of Rochester - Wallis Institute of Political Economy.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
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