Generalized majority rules: utilitarian welfare in large but finite populations

B-Tier
Journal: Economic Theory
Year: 2021
Volume: 72
Issue: 1
Pages: 21-48

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

Abstract Generalized majority rules are electoral rules in which an alternative needs to obtain a fixed percentage (not necessarily 50%) of all votes in order to win. While Krishna and Morgan (Am Econ J Microeconom 7:339–375, 2015) demonstrate that simple majority maximizes expected utilitarian welfare for limiting populations regardless of the prior support for the alternatives, this paper finds that, when the prior support is known, a continuum of voting rules also achieves the same welfare. Moreover, as the population approaches the limit, every voting rule eventually becomes welfare inferior to picking the ex-ante majority without an election. Examining the properties of these optimal rules allows us to generalize the relationship between voter participation and welfare beyond the symmetric case.

Technical Details

RePEc Handle
repec:spr:joecth:v:72:y:2021:i:1:d:10.1007_s00199-020-01285-x
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25