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Theoretical Economics
Article . 2010 . Peer-reviewed
License: Wiley TDM
Data sources: Crossref
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
Theoretical Economics
Article
License: CC BY NC
Data sources: UnpayWall
EconStor
Article . 2010
License: CC BY NC
Data sources: EconStor
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Rationalizable voting

Authors: Kalandrakis, Tasos;

Rationalizable voting

Abstract

When is a finite number of binary voting choices consistent with the hypothesis that the voter has preferences that admit a (quasi)concave utility representation? I derive necessary and sufficient conditions and a tractable algorithm to verify their validity. I show that the hypothesis that the voter has preferences represented by a concave utility function is observationally equivalent to the hypothesis that she has preferences represented by a quasiconcave utility function, I obtain testable restrictions on the location of voter ideal points, and I apply the conditions to the problem of predicting future voting decisions. Without knowledge of the location of the voting alternatives, voting decisions by multiple voters impose no joint testable restrictions on the location of their ideal points, even in one dimension. Furthermore, the voting records of any group of voters can always be embedded in a two-dimensional space with strictly concave utility representations and arbitrary ideal points for the voters. The analysis readily generalizes to choice situations over general finite budget sets.

Country
Canada
Related Organizations
Keywords

519, D70, revealed preferences, ddc:330, D01, ideal points, Voting, Voting, revealed preferences, ideal points, jel: jel:D70, jel: jel:D01

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
21
Average
Top 10%
Top 10%
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gold
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