Majority Rule

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August 31, 2024 5 min read Definitions

Median Voter Theorem: Explanation and Implications

Political Economics Voting Theory Median Voter Theorem Voting Political Economy Public Choice Majority Rule

An in-depth look at the Median Voter Theorem, a fundamental result in political economics that describes how the median voter's preference dominates in a majority voting system. Includes historical context, key concepts, mathematical models, and real-world examples.

August 31, 2024 4 min read Definitions

Qualified Majority Voting (QMV): A Voting Mechanism in Decision-Making

Economics Government Regulations Voting Mechanisms Decision Making Council Voting Majority Rule Minority Rights

Qualified Majority Voting (QMV) is a voting mechanism employed in the Council for decision-making that ensures a balance between majority rule and minority rights.