? E XERCISE 257.1 (Median voter theorem) Show that when the policy space is one- dimensional and…

? EXERCISE 257.1 (Median voter theorem) Show that when the policy space is one- dimensional and the players’ preferences are single-peaked the unique Condorcet winner is the median of the players’ favorite positions. (This result is known as the median voter theorem.)

 

 

 

 

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