Ideology and Existence of 50%-Majority Equilibria in Multidimensional Spatial Voting Models
M. Utku Ünver
Boston College - Department of Economics
September 17, 2008
When aggregating individual preferences through the majority rule in an n-dimensional spatial voting model, the 'worst-case' scenario is a social choice configuration where no political equilibrium exists unless a super majority rate as high as 1-1/n is adopted. In this paper we assume that a lower d-dimensional (d < n) linear map spans the possible candidates' platforms. These d 'ideological' dimensions imply some linkages between the n political issues. We randomize over these linkages and show that there almost surely exists a 50%-majority equilibrium in the above worst-case scenario, when n grows to infinity. Moreover the equilibrium is the mean voter. The speed of convergence (toward 50%) of the super majority rate guaranteeing existence of equilibrium is computed for d=1 and 2.
Number of Pages in PDF File: 22working papers series
Date posted: October 16, 2008
© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo6 in 0.312 seconds