A NOTE ON STABILITY OF OUTCOMES WITH VOTE TRADING,
Abstract
The author claims that no stable outcome ordinarily exists with vote trading. This is a statement with empirical content that can be refuted only by examination of payoff matrices that 'ordinarily' characterize vote trading situations. Theorem 3 states a condition under which no stable outcome exists, and his claim is based upon the feeling that this condition is often fulfilled. He states that if there is a stable outcome with vote trading, it must be exactly the same as the outcome without vote trading. The proof of Theorem 2 substantiates the statement, given the assumptions. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 1967
- Accession Number
- AD0648528
Entities
People
- R. E. Park
Organizations
- RAND Corporation