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Regular version of the site

Working paper

A New Method of the Single Transferable Vote and its Axiomatic Justification

Public Choice Research Centre University of Turku Working Papers. University of Turku, 2011. No. 42.
We propose a new method of the Single Transferable Vote (STV) and give a unified way to describe classic procedures (Gregory Method, Inclusive Gregory Method and Weighted Inclusive Gregory Method) as an iterative procedure. A modification for quota definition is proposed which improves theoretical properties of the procedures. The method is justified by a new set of axioms. It is shown that this procedure extends the Weighted Inclusive Gregory Method with the modified definition of quota and random equiprobable selection of winning coalition on each iteration. The results are extended to the methods allowing fractional number of votes.