Article ID Journal Published Year Pages File Type
957078 Journal of Economic Theory 2007 8 Pages PDF
Abstract

Several variations and generalizations of the Voting Paradox show that social-preference cycles are not peculiar to majority rule. I offer a new generalization that is demonstrably as general as possible: a relaxation of majority rule is necessary for a cycle of any sort and sufficient for a dominant one—given certain background assumptions, few and familiar. In its “Latin square” proof as well as its assumptions, the sufficiency theorem directly generalizes both the Voting Paradox and Sen's Liberal Paradox.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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