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On intermediate utility functions
Authors:Thomas Eichner
Institution:(1) Department of Economics, University of Siegen, FB 5, VWL IV, Hoelderlinstr. 3, 57068 Siegen, Germany
Abstract:Intermediate utility functions have been recently introduced by Persson and Tabellini (2000, Political Economics: Explaining Economics Policy, MIT Press, Cambridge) and ensure the existence of a majority voting equilibrium at multi-dimensional voting. Here, we show that monotone transforms of these utility functions also are sufficient for the existence of a Condorcet winner.
Keywords:Intermediate  Majority  Median voter
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