Opening book details…
Can I read Pareto Optimality of Policy Proposals with Probabilistic Voting on EtoBox?
Pareto Optimality of Policy Proposals with Probabilistic Voting by Peter Coughlin is a Economics, Econometrics and Finance article available to read on EtoBox.
What is Pareto Optimality of Policy Proposals with Probabilistic Voting about?
This paper studies the Pareto optimality properties of policy proposals and electoral outcomes when there is probabilistic voting. Theorem i proves that, when the position of one candidate is taken as fixed, the other candidate will propose a Pareto optimal alternative. This implies that whenever there is an electoral equilibrium (in pure strategies) the electoral outcome is Pareto optimal. It also implies that, even if there is no such equilibirum, the electoral outcomes from a sequence of elections will be Pareto optimal (except, possibly, for an initial status quo).
Who reads Pareto Optimality of Policy Proposals with Probabilistic Voting?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Peter Coughlin
- Publisher
- Springer US; Springer-Verlag; Kluwer Academic Publishers; Springer Science and Business Media LLC (ISSN 0048-5829)
- Published
- 1982
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)