Arrow's and Gibbard-Satterthwaite's Impossibility Theorems Revisited
AbstractA 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.