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Asset voting: Difference between revisions
Linking to Pareto efficiency directly
(Move the text about variations to its own section, rather than complicating and distracting from the overview at the start of the article) |
(Linking to Pareto efficiency directly) |
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Asset passes [[Independence of Smith-dominated Alternatives]], because once the negotiators start discussing electing Smith set members, they won't be able to form a coalition in favor of a non-Smith candidate, and any Smith candidate is likely to be viable since there is a [[beat-or-tie path]] between all of them.
Under certain assumptions, Asset passes [[Pareto efficiency|Independence of Pareto-dominated alternatives]]. This is because the Pareto-dominating alternative will [[pairwise beat]] the Pareto-dominated alternative, and there is no incentive for any negotiator to elect the Pareto-dominated alternative instead of the Pareto candidate. So the negotiators would have an incentive to discard consideration of any Pareto-dominated alternatives.
=== Presentation ===
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