Bargaining Sets of Majority Voting Games
AbstractLet A be a finite set of m alternatives, let N be a finite set of n players and let R N be a profile of linear preference orderings on A of the players. Let u N be a profile of utility functions for R N. We define the NTU game V uN that corresponds to simple majority voting, and investigate its Aumann-Davis-Maschler and Mas-Colell bargaining sets. The first bargaining set is nonempty for m ï¿½ 3 and it may be empty for m ï¿½ 4. However, in a simple probabilistic model, for fixed m, the probability that the Aumann-Davis-Maschler bargaining set is nonempty tends to one if n tends to infinity. The Mas-Colell bargaining set is nonempty for m ï¿½ 5 and it may be empty for m ï¿½ 6. Furthermore, it may be empty even if we insist that n be odd, provided that m is sufficiently large. Nevertheless, we show that the Mas-Colell bargaining set of any simple majority voting game derived from the k-th replication of R N is nonempty, provided that k ï¿½ n + 2.
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Date of creation: 31 Dec 2005
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Other versions of this item:
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-01-24 (All new papers)
- NEP-CDM-2006-01-24 (Collective Decision-Making)
- NEP-GTH-2006-01-24 (Game Theory)
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Discussion Paper Series
dp360, The Center for the Study of Rationality, Hebrew University, Jerusalem.
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