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A NOTE ON STABILITY OF OUTCOMES WITH VOTE TRADING,
RAND CORP SANTA MONICA CALIF
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The author claims that no stable outcome ordinarily exists with vote trading. This is a statement with empirical content that can be refuted only by examination of payoff matrices that ordinarily characterize vote trading situations. Theorem 3 states a condition under which no stable outcome exists, and his claim is based upon the feeling that this condition is often fulfilled. He states that if there is a stable outcome with vote trading, it must be exactly the same as the outcome without vote trading. The proof of Theorem 2 substantiates the statement, given the assumptions. Author
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