Concept information
Preferred term
structure-induced equilibrium
Definition
- Disequilibrium in collective choice mechanisms based on majority rule has been the subject of much attention in the public choice literature since its discovery by the Marquis de Condorcet in 1785 and more modern treatments by Kenneth Arrow in 1950 and others. This disequilibrium has often been described as cycling, due to the fact that coalition reformation under majority rule can continue through an infinite number of iterations without there emerging a stable coalition—that is to say, a coalition in which the player or players excluded from the winning coalition cannot create a new coalition that will trump the last majority-winning coalition. [Source: Encyclopedia of Power; Structure-Induced Equilibrium]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/structure-induced_equilibrium
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