Abstract
This study shows that independence between voters’ skills and states of nature improves the majority voting efficiency relative to the case when such independence does not exist. This implies that specialization (state of nature wise) is not advantageous under the simple majority rule.
Original language | English |
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Pages (from-to) | 128-133 |
Number of pages | 6 |
Journal | Journal of Mathematical Economics |
Volume | 87 |
DOIs | |
State | Published - Mar 2020 |
Keywords
- Binary choice
- CJT
- Collective probability
- Simple majority rule
- Specialization
- Voting
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
- Applied Mathematics