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One Person, Many Votes: Divided Majority and Information Aggregation

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  • Bouton, Laurent
  • Castanheira, Micael

Abstract

This paper compares the properties of three electoral systems when voters have imperfect information. Imperfect information blurs voter decisions and may divorce the electoral outcome from the true preferences of the electorate. The challenge for electoral design is therefore to translate the (sometimes contradictory) elements of information dispersed in the electorate into the most efficient aggregate outcome. We propose a novel model of multi-candidate elections in Poisson games, and show that Approval Voting produces a unique equilibrium that is fully efficient: the candidate who wins the election is the one preferred by a majority of the electorate under full information. By contrast, traditional systems such as Plurality and Runoff elections cannot cope satisfactorily with information imperfections.

Suggested Citation

  • Bouton, Laurent & Castanheira, Micael, 2008. "One Person, Many Votes: Divided Majority and Information Aggregation," CEPR Discussion Papers 6695, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:6695
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    References listed on IDEAS

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    More about this item

    Keywords

    Approval Voting; Information Aggregation; Multicandidate Elections; Poisson Games;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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