An Economic THeory of Democracy

abstain actually alternative ambiguous analysis Arrow problems assume assumption axiom basic benefits cause ceteris paribus coalition conclusion cost of voting decision-making definition democracy depends desire distribution of voters division of labor effect election period electorate equal equilibrium ernment example exist extremist fact favor favorite party gain goals government action government's groups hence hypothesis ideologies indifferent individual influence irrational issue J. R. Hicks legislature majority principle marginal marginal cost maximize means ment motives multiparty system normative number of parties oligopoly opposition party outcome Paretian optimum party differential party's passionate majority platforms political parties position possible predict preferences proportional representation rational behavior rational citizen rational voter real world reason reëlected reliability rule social society strategy structure tion two-party system uncertainty utility functions utility incomes V. O. Key views voting decision Welfare Economics zero