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Arrow's and Gibbard-Satterthwaite's Impossibility Theorems Revisited
  • John Lawrence
John Lawrence
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Abstract

A voting system is demonstrated which meets Arrow's 5 conditions and also satisfies the Gibbard-Satterthwaite demand for strategyproofness. The strategy is contained in the voting procedure itself so voters are incentivized to vote sincerely. This procedure allows for the circumventing of Arrow's Impossibility Theorem.