Accession Number : AD0696536
Title : ON A CLASS OF EQUILIBRIUM CONDITIONS FOR MAJORITY RULE.
Descriptive Note : Discussion paper,
Corporate Author : YALE UNIV NEW HAVEN CONN COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
Personal Author(s) : Kramer,Gerald H.
Report Date : 08 OCT 1969
Pagination or Media Count : 28
Abstract : It is shown that all presently known exclusion conditions for equilibrium under majority rule are extremely restrictive, in the sense that if the preference of individual voters over a multidimensional space of commodities or policy vectors are convex and representable by a differentable utility function, then a very modest degree of heterogeneity of tastes makes all known exclusion conditions inapplicable. (Author)
Descriptors : (*SOCIOMETRICS, *ECONOMICS), POLITICAL SCIENCE, PUBLIC OPINION, DECISION MAKING, CONVEX SETS, THEOREMS
Subject Categories : Economics and Cost Analysis
Sociology and Law
Distribution Statement : APPROVED FOR PUBLIC RELEASE