Optimal Voting Rules

S-Tier
Journal: Review of Economic Studies
Year: 2017
Volume: 84
Issue: 2
Pages: 688-717

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We derive the incentive compatible and ex-ante welfare maximizing ($i.e.$ utilitarian) mechanism for settings with an arbitrary number of agents and alternatives where the privately informed agents have single-crossing and single-peaked preferences. The optimal outcome can be implemented by modifying a sequential voting scheme that is used in many legislatures and committees. The modification uses a flexible majority threshold for each of several alternatives, and allows us to replicate, via a single sequential procedure, the entire class of anonymous, unanimous, and dominant strategy incentive compatible mechanisms. Our analysis relies on elegant characterizations of this class of mechanisms for single-peaked and single-crossing preferences.

Technical Details

RePEc Handle
repec:oup:restud:v:84:y:2017:i:2:p:688-717.
Journal Field
General
Author Count
3
Added to Database
2026-01-26