S/P/173. 'Majority voting is the simplest way to resolve differences in preferences'. Discuss. Are there any problems, for the efficient supply of public goods, associated with a majority voting equilibrium?
(2006, 1500 words)
The paper examines the notion of majority voting as a means of resolving differences in preferences, and discussing political mechanisms of making social decisions, i.e. Arrow's impossibility theorem, Clarke's tax, etc.
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