On the merit of non-specialization in the context of majority voting

This study shows that independence between voters’ skills and states of nature improves the majority voting efficiency relative to the case when such independence does not exist. This implies that specialization (state of nature wise) is not advantageous under the simple majority rule.

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Bibliographic Details
Published in:Journal of mathematical economics 2020-03, Vol.87, p.128-133
Main Authors: Baharad, Eyal, Ben-Yashar, Ruth, Patal, Tal
Format: Article
Language:English
Subjects:
Binary choice
CJT
Collective probability
Economic models
Majority rule
Simple majority rule
Specialization
Voters
Voting
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Description
Summary:This study shows that independence between voters’ skills and states of nature improves the majority voting efficiency relative to the case when such independence does not exist. This implies that specialization (state of nature wise) is not advantageous under the simple majority rule.
ISSN:0304-4068
1873-1538
DOI:10.1016/j.jmateco.2020.01.002