Econometrica: Sep 1979, Volume 47, Issue 5
Equilibrium under @a-Majority Voting
Steven SlutskyIn a well known paper, Plott has given a sufficient and a necessary condition onthe set of gradients of individual preferences at a point in a multidimensional space, for the point to be an equilibrium under simple majority voting. This paper defines a class of @a-majority voting rules under which, given some @a, 0 < @a < 1, an alternative x is socially at least as good as y iff the number of individuals who prefer x to y is at least @a/(1 - @a) times the number who prefer y to x. Simple majority rule is @a = 1/2 while setting @a near 0 and 1 gives two types of unanimity rule. For all elements in this class, this paper generalizes Plott by giving necessary and sufficient conditions on the set of gradients for a point in a multidimensional space to be a voting equilibrium.
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