✦ LIBER ✦

Social choice by majority rule with rational participation

✍ Scribed by David Sunding

Publisher: Springer
Year: 1995
Tongue: English
Weight: 629 KB
Volume: 12
Category: Article
ISSN: 0176-1714
DOI: 10.1007/bf00182189

No coin nor oath required. For personal study only.

✦ Synopsis

This paper explores the social choice properties of majority rule when voters rationally participate in elections. Employing the basic model of voter behavior developed originally by Ledyard (1984) and Palfrey and Rosenthal (1985), we show that when the electorate is sufficiently large, a participation equilibrium exists and is unique. The main result of the paper shows that under these conditions the social preference ordering induced by majority rule is identical to that given by the expected utility of a randomly selected voter, implying the existence of a Condorcet point in the proposal space. A final section provides intuition for the main theorems and relates the equilibrium of this majority rule game to the median voter result.

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