Asset voting: Difference between revisions
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'''Asset voting''' is used to refer to a voting system in which votes are considered as "assets" given to candidates. If no candidate gets more than the winning threshold (i.e., a majority, in the [[Single-winner voting system|single winner]] case), then the candidates can redistribute "their" votes to other candidates until a winner exists. Variations exist with different constraints on transfers - for example, the candidate with the fewest votes might be forced to redistribute their votes first.
Asset voting was invented in 1874 by [[Lewis Caroll]] (Charles Dodgson), and independently reinvented and named by Forest Simmons and Warren Smith.<ref>
If used as a [[Voting systems#Multiple-winner methods|multi-winner voting method]], it obeys most [[proportionality criteria]], if the requisite assumptions about coalitions are extended to include candidates as well as voters. In such use, it is similar to [[delegable proxy]] systems except that, unlike such systems, it has public elections only at regularly scheduled intervals (proxies are not "revocable") and elects a fixed number of representatives with equal power.
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