COPELAND METHOD .2. MANIPULATION, MONOTONICITY, AND PARADOXES

Citation
Vr. Merlin et Dg. Saari, COPELAND METHOD .2. MANIPULATION, MONOTONICITY, AND PARADOXES, Journal of economic theory, 72(1), 1997, pp. 148-172
Citations number
21
Categorie Soggetti
Economics
Journal title
ISSN journal
00220531
Volume
72
Issue
1
Year of publication
1997
Pages
148 - 172
Database
ISI
SICI code
0022-0531(1997)72:1<148:CM.MMA>2.0.ZU;2-3
Abstract
An important issue for economics and the decision sciences is to under stand why allocation and decision procedures are plagued by manipulati ve and paradoxical behavior once there are n greater than or equal to 3 alternatives. Valuable insight is obtained by exploiting the relativ e simplicity of the widely used Copeland method (CM). By using a geome tric approach, we characterize all CM manipulation, monotonicity, cons istency, and involvement properties while identifying all profiles whi ch are susceptible to these difficulties. For instance, we show for n = 3 candidates that the CM minimizes the negative aspects of the Gibba rd-Satterthwaite theorem. (C) 1997 Academic Press.