Barelli, Paulo and Bhattacharya, Sourav and Siga, Lucas (2022) Full Information Equivalence in Large Elections. Econometrica, 90 (5). pp. 2161-2185. DOI https://doi.org/10.3982/ECTA16376
Barelli, Paulo and Bhattacharya, Sourav and Siga, Lucas (2022) Full Information Equivalence in Large Elections. Econometrica, 90 (5). pp. 2161-2185. DOI https://doi.org/10.3982/ECTA16376
Barelli, Paulo and Bhattacharya, Sourav and Siga, Lucas (2022) Full Information Equivalence in Large Elections. Econometrica, 90 (5). pp. 2161-2185. DOI https://doi.org/10.3982/ECTA16376
Abstract
We study the problem of aggregating private information in elections with two or more alternatives for a large family of scoring rules. We introduce a feasibility condition, the linear refinement condition, that characterizes when information can be aggregated asymptotically as the electorate grows large: there must exist a utility function, linear in distributions over signals, sharing the same top alternative as the primitive utility function. Our results complement the existing work where strong assumptions are imposed on the environment, and caution against potential false positives when too much structure is imposed.
Item Type: | Article |
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Uncontrolled Keywords: | Information aggregation; Codorcet jury theorem; scoring rules; large elections |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Economics, Department of |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 20 Jun 2022 21:02 |
Last Modified: | 30 Oct 2024 20:51 |
URI: | http://repository.essex.ac.uk/id/eprint/32923 |
Available files
Filename: FIE_accepted.pdf