Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

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Econometrica: Nov, 1973, Volume 41, Issue 6

Aggregation of Preferences with Variable Electorate

https://www.jstor.org/stable/1914033
p. 1027-1041

John H. Smith

Necessary and sufficient conditions are given for an aggregation procedure to be a "point system" or "generalized point system." In Sections 4 and 5 various "runoff" systems and their properties are discussed but no equivalent characterization is obtained.

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