Professor Maskin, I'll start with a couple of questions for you.
Essentially I see this majority rule that you have up here as really just a.... If I'm not mistaken, it's a different way of counting a ranked ballot, essentially. That is what I see there. I've never seen it before and I've never heard it discussed before, so I'm curious about it.
One of the things that come to mind for me, and maybe I'm mistaken, is a scenario in which you wouldn't be able to determine a winner. There wouldn't be one candidate who would beat all the other candidates in the various head-to-head counting mechanisms, especially if you have seven or eight candidates.
What happens? What is the method to determine a winner in that scenario, when you don't have one who's beaten each of the other candidates in a head-to-head competition?