Archive of posts with tag “pareto efficiency”

• Mar 25, 2023

  The core of a voting system is the intersection of Pareto sets

  There is a very neat relation between the core (the set of proposals that defeats every proposal) of a voting system and the Pareto sets of the voters. Suppose there is a voting system of quota $q$, then the core is the intersection of all such sets: the Pareto set of $q$ of the voters.

  • Categories: economics
  • Tags: voting system, preference relation, pareto efficiency