Voting Paradox

(redirected from Condorcet paradox)
A social dilemma characterised by 'public goods' and 'free-riders' and the fact that it is in the rational best interest for an individual sharing a public common good to free-ride
References in periodicals archive ?
158) Second, as the Condorcet paradox illustrates, a Condorcet winner will not exist in every case.
178) In fact, unlike many other scholars, (179) Stearns maintains that the Marks doctrine will only produce indeterminate holdings in a very small category of plurality decisions--those that exhibit the Condorcet paradox, in which no Condorcet winner exists.
See STEARNS, CONSTITUTIONAL PROCESS, supra note 137, at 45 (explaining possibility of intransitivity shown by Condorcet paradox lies at core of social choice theory).
Part III revisits Arrow's Theorem to demonstrate the similarities between the Condorcet Paradox and the problem of the empty core.
In the 1950's, at the same time that social choice theory was reemerging in economic theory, economists discovered a phenomenon nearly identical to the Condorcet paradox within private markets.