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 ?
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.
The empty core problem is a generalization of the Condorcet Paradox.