Majority voting on orders

Citation
G. Laffond et J. Laine, Majority voting on orders, THEOR DECIS, 49(3), 2000, pp. 251-289
Citations number
20
Categorie Soggetti
Economics
Journal title
THEORY AND DECISION
ISSN journal
00405833 → ACNP
Volume
49
Issue
3
Year of publication
2000
Pages
251 - 289
Database
ISI
SICI code
0040-5833(200011)49:3<251:MVOO>2.0.ZU;2-Q
Abstract
We characterize two lexicographic-type preference extension rules from a se t X to the set Psi of all orders on this set. Elements of X are interpreted as basic economic policy decisions, whereas elements of Psi are conceived as political programs among which a collectivity has to choose through majo rity voting. The main axiom is called tournament-consistency, and states th at whenever majority pairwise comparisons based on initial preferences on X define an order on X, then this order is also chosen by a majority among a ll other orders in Psi. Tournament-consistency thus allows to predict the o utcome of majority voting upon orders from the knowledge of majority prefer ences on their components.