Why there may not exist any majority voting equilibrium

Reference no: EM133552043

Question:

There are three voters - A, B and C in a society. Let us also assume that these voters are facing three choices - D, E, and F. The voters 5.00 have certain order of preference for these three choices which only they know.

a) Show and explain why there may not exist any majority voting equilibrium under the paradox of cyclical voting.

b) Rank order voting is a possible strategy to mitigate the paradox of cyclical voting. Show numerically that rank order voting will also not lead to a clear winner in this case.

Reference no: EM133552043

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