Condorcet meets Bentham

B-Tier
Journal: Journal of Mathematical Economics
Year: 2015
Volume: 59
Issue: C
Pages: 58-65

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

We show that if the statistical distribution of utility functions in a population satisfies a certain condition, then a Condorcet winner will not only exist, but will also maximize the utilitarian social welfare function. We also show that, if people’s utility functions are generated according to certain plausible random processes, then in a large population, this condition will be satisfied with very high probability. Thus, in a large population, the utilitarian outcome will be selected by any Condorcet consistent voting rule.

Technical Details

RePEc Handle
repec:eee:mateco:v:59:y:2015:i:c:p:58-65
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29