VOTING UNDER CONSTRAINTS

Citation
S. Barbera et al., VOTING UNDER CONSTRAINTS, Journal of economic theory, 76(2), 1997, pp. 298-321
Citations number
15
Categorie Soggetti
Economics
Journal title
ISSN journal
00220531
Volume
76
Issue
2
Year of publication
1997
Pages
298 - 321
Database
ISI
SICI code
0022-0531(1997)76:2<298:VUC>2.0.ZU;2-G
Abstract
We consider a broad class of situations where 3 society must choose fr om a finite set of alternatives. This class includes, as polar cases, those where the preferences of agents are completely unrestricted and those where their preferences are single-peaked. We prove that strateg y-proof mechanisms in all these domains must be based on a generalizat ion of the median voter principle. Moreover, they must satisfy a prope rty, to be called the ''intersection property,'' which becomes increas ingly stringent as the preference domain is enlarged. In most applicat ions, our results precipitate impossibility theorems. In particular, t hey imply the Gibbard-Satterthwaite theorem as a corollary. (C) 1997 A cademic Press.