We ask in this paper about the effect on social decisions of limiting the size of changes that voters may propose each time
in an otherwise standard dynamic social choice model. The voting rule we study can be seen as an extension of Bowen’s dynamic
“majority voting” rule, and is closely related to the dynamic procedures for public good allocation in the literature (Drèze
and de la Vallée Poussin 1971; Malinvaud 1971; Laffont and Maskin 1983; Chander 1993). Under general assumptions we prove
existence and Pareto efficiency of equilibrium, and show that our rule motivates voters not to misrepresent preferences (more
precisely, the rule is Strongly Locally Individually Incentive Compatible). Under Euclidean preferences we find that electoral
cycles do not arise (i.e., the rule is convergent), that there is a unique equilibrium, and that the equilibrium coincides
with the solution to an old problem of geometry, first addressed by Fermat, Torricelli, and Cavallieri.
Received: 20 September 1994/Accepted: 6 August 1996