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Shepsle, K. (1979), Institutional Arrangements and Equilibrium in Multidimensional Voting Models (view source)
Revision as of 13:19, 14 May 2012
, 13:19, 14 May 2012no edit summary
==Model==
Consider a two-dimensional case. any policy <math>[z_iz_{i}] <math> is characterized by coordinates (x_i, y_i)
==Result==
In first stage we vote on x_i and obtain policy equal to median voters bliss point x_m. In second stage we vote on y_i and obtain policy equal to median voters bliss point y_m, so we obtain unique outcome z=(x_m, y_m)
