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Condorcet meets Bentham

Author

Listed:
  • Marcus Pivato

    (THEMA - Théorie économique, modélisation et applications - CNRS - Centre National de la Recherche Scientifique - CY - CY Cergy Paris Université)

Abstract

We show that if the statistical distribution of utility functions in a population satisfies a certain condition, then a Condorcet winner will not only exist, but will also maximize the utilitarian social welfare function. We also show that, if people’s utility functions are generated according to certain plausible random processes, then in a large population, this condition will be satisfied with very high probability. Thus, in a large population, the utilitarian outcome will be selected by any Condorcet consistent voting rule.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Marcus Pivato, 2015. "Condorcet meets Bentham," Post-Print hal-02979899, HAL.
    • Handle: RePEc:hal:journl:hal-02979899
    DOI: 10.1016/j.jmateco.2015.04.006
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    Cited by:

    1. Sayantan Ghosal & Lukasz Woźny, 2024. "Lindahl meets Condorcet?," Working Papers 2024_08, Business School - Economics, University of Glasgow.
    2. Keshab Bhattarai, 2016. "Growth and Income Distributions in Four EU Economies," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 22(3), pages 263-277, August.
    3. Ching-Hsue Cheng & Ming-Chi Tsai & Yuan-Shao Chang, 2023. "The relationship between hotel star rating and website information quality based on visual presentation," PLOS ONE, Public Library of Science, vol. 18(11), pages 1-23, November.
    4. Marcus Pivato, 2016. "Asymptotic utilitarianism in scoring rules," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 47(2), pages 431-458, August.
    5. Pivato, Marcus & Soh, Arnold, 2020. "Weighted representative democracy," Journal of Mathematical Economics, Elsevier, vol. 88(C), pages 52-63.

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