Information aggregation with a continuum of types
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Article
Economics Letters
Issue number:
Volume 180, July 2019
Publisher:
Elsevier
Year:
2019
Journal pages:
43-46
We study the problem of designing a voting rule which makes voting by cut-off strategies efficient for settings where voters have state-dependent common preferences over and vote on accepting or rejecting an issue but hold private information in the form of continuous types about the true state. We show that such rules only exist under a restrictive condition on the model parameters.