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A note on forward induction in a model of representative democracy

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  • De Sinopoli, Francesco

Abstract

The citizen-candidate approach, proposed to study the performance of representative democracies, builds on a multi-stage game where the same agents are asked whether or not to become a candidate and, successively, to vote. Consistently, the solution concept adopted in Besley and Coate (1997) conforms to backward induction rationality. In this note we remark that it does not conform to forward induction rationality.

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Bibliographic Info

Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 46 (2004)
Issue (Month): 1 (January)
Pages: 41-54

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Handle: RePEc:eee:gamebe:v:46:y:2004:i:1:p:41-54

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Web page: http://www.elsevier.com/locate/inca/622836

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  1. Besley, Timothy & Coate, Stephen, 1997. "An Economic Model of Representative Democracy," The Quarterly Journal of Economics, MIT Press, vol. 112(1), pages 85-114, February.
  2. Govindan Srihari, 1995. "Stability and the Chain Store Paradox," Journal of Economic Theory, Elsevier, vol. 66(2), pages 536-547, August.
  3. Osborne, Martin J & Slivinski, Al, 1996. "A Model of Political Competition with Citizen-Candidates," The Quarterly Journal of Economics, MIT Press, vol. 111(1), pages 65-96, February.
  4. Mertens, Jean-Francois, 1992. "The small worlds axiom for stable equilibria," Games and Economic Behavior, Elsevier, vol. 4(4), pages 553-564, October.
  5. DE SINOPOLI, Francesco & TURRINI, Alessandro, 1999. "A remark on voters’ rationality in Besley and coate model of representative democracy," CORE Discussion Papers 1999027, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  6. Dhillon, Amrita & Lockwood, Ben, 2002. " Multiple Equilibria in the Citizen-Candidate Model of Representative Democracy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 4(2), pages 171-84.
  7. Mertens, J.-F., 1988. "Stable equilibria - a reformulation," CORE Discussion Papers 1988038, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  8. van Damme, Eric, 1989. "Stable equilibria and forward induction," Journal of Economic Theory, Elsevier, vol. 48(2), pages 476-496, August.
  9. repec:fth:louvco:9927 is not listed on IDEAS
  10. Kohlberg, Elon & Mertens, Jean-Francois, 1986. "On the Strategic Stability of Equilibria," Econometrica, Econometric Society, vol. 54(5), pages 1003-37, September.
  11. Osborne, Martin J., 1990. "Signaling, forward induction, and stability in finitely repeated games," Journal of Economic Theory, Elsevier, vol. 50(1), pages 22-36, February.
  12. In-Koo Cho & David M. Kreps, 1997. "Signaling Games and Stable Equilibria," Levine's Working Paper Archive 896, David K. Levine.
  13. Ehud Kalai & Dov Samet, 1982. "Persistent Equilibria in Strategic Games," Discussion Papers 515, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  14. Damme, E.E.C. van, 1989. "Stable equilibria and forward induction," Open Access publications from Tilburg University urn:nbn:nl:ui:12-154422, Tilburg University.
  15. Dhillon, Amrita & Lockwood, Ben, 2004. "When are plurality rule voting games dominance-solvable?," Games and Economic Behavior, Elsevier, vol. 46(1), pages 55-75, January.
  16. DE SINOPOLI, Francesco, . "Sophisticated voting and equilibrium refinements under plurality rule," CORE Discussion Papers RP -1467, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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Cited by:
  1. Dellis, Arnaud, 2010. "Weak undominance in scoring rule elections," Mathematical Social Sciences, Elsevier, vol. 59(1), pages 110-119, January.
  2. Anesi, Vincent, 2010. "Noncooperative foundations of stable sets in voting games," Games and Economic Behavior, Elsevier, vol. 70(2), pages 488-493, November.

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