By Eric Maskin

Capitalism & Society, Volume 16, Issue 1 (2022)

Posted: 17 Jun 2022

Date Written: June 17, 2022

Abstract

The essay explains how ranked-choice voting leads to election outcomes that better represent what voters want compared with first-past-the-post, the traditional American voting system. It also shows that there is an even better system: majority-rule.

Keywords: 

Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

JEL Classification: D72