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We investigate whether the simple plurality rule aggregates information efficiently in a large election with three alternatives. The environment is the same as in the Condorcet Jury Theorem (Condorcet (1785)). Voters have common preferences that depend on the unknown state of nature, and they...
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We investigate whether the simple plurality rule aggregates information efficiently in a large election with three alternatives. The environment is the same as in the Condorcet Jury Theorem (Condorcet (1785)). Voters have common preferences that depend on the unknown state of nature, and they...
Persistent link: https://www.econbiz.de/10013316013
Approval voting has attracted considerable interest among voting theorists, but they have rarely investigated it in the Arrovian frame-work of social welfare functions (SWF) and never connected it with Arrow's impossibility theorem. This note explores these two directions. Assuming that voters...
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