An efficiency characterization of plurality rule in collective choice problems |
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Authors: | Chun-Hsien Yeh |
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Affiliation: | (1) Institute of Economics, Academia Sinica, Taipei, 115, Taiwan;(2) Department of Economics, National Central University, Chung-Li, 320, Taiwan |
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Abstract: | We consider the problem of selecting alternatives from a set of feasible alternatives over which each agent is endowed with a strict preference. We show that there is one and only one rule that satisfies anonymity, neutrality, efficiency, tops-only, and reinforcement. The rule is known as plurality rule, which selects the alternative(s) most preferred by the largest number of agents. I would like to thank William Thomson for helpful suggestions and discussions. I am grateful to Biung-Ghi Ju, Hyungjun Kim, and Yan-An Hwang for detailed comments. I am also indebted to the Editor and an anonymous referee for valuable suggestions. As usual, I am responsible for any remaining deficiency. |
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Keywords: | Pareto-efficiency Reinforcement Tops-only Plurality rule |
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