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The Condorcet paradox shows Arrow’s impossibility theorem by showing that pairw…
Related Topics
Wize University Microeconomics Textbook > Government Intervention and Public Policy
Public Policy
4 Activities
The Condorcet paradox shows Arrow’s impossibility theorem by showing that pairwise majority voting
makes one person in effect a dictator.
violates the independence of irrelevant alternatives
leads to social preferences that are not transitive
is in consistent with the principle of unanimity
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More Public Policy Questions:
The Borda count illustrates Arrow’s impossibility theorem by showing that majority voting:
There are two politicians running for office. A key issue is how much to spend on environment protection programs. Among the 1000 voters, 400 want to spend $80 million, 300 want to spend $20 million, and 300 want to spend nothing. What is the winning position on this issue?