• Media type: E-Book
  • Title: Voting with interdependent values : the condorcet winner
  • Contributor: Gershkov, Alex [Author]; Kleiner, Andreas [Author]; Moldovanu, Benny [Author]; Shi, Xianwen [Author]
  • Published: [Bonn]: ECONtribute, June 2023
  • Published in: ECONtribute discussion paper ; 243
  • Extent: 1 Online-Ressource (circa 27 Seiten)
  • Language: English
  • Identifier:
  • Keywords: Graue Literatur
  • Origination:
  • Footnote:
  • Description: We generalize the standard, private values voting model with single-peaked preferences and incomplete information by introducing interdependent preferences. Our main results show how standard mechanisms that are outcome-equivalent and implement the Condorcet winner under complete information or under private values yield starkly different outcomes if values are interdependent. We also propose a new notion of Condorcet winner under incomplete information and interdependent preferences, and discuss its implementation. The new phenomena in this paper arise because diffrent voting rules (including dynamic ones) induce different processes of information aggregation and learning.
  • Access State: Open Access