ISSN:
1573-7187
Source:
Springer Online Journal Archives 1860-2000
Topics:
Sociology
,
Economics
Notes:
Abstract A necessary and sufficient condition is established in terms of restrictions on individual preferences for a class of democratic systems to be Nash-stable: that there is no one in the society who can profitably misrepresent his preferences. It is shown that only a very strong similarity of preferences can eliminate the incentive for individuals to misreveal their preferences. Since individual preferences in actual practice are not likely to be so similar, the result in this paper shows that strategic misrevelation of preferences by individuals remains a disturbing possibility under this class of democratic rules.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF00126344
Permalink