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Equilibrium Agenda Formation

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  • Jackson, Matthew O.
  • Dutta, Bhaskar
  • Le Breton, Michele

Abstract

We develop a definition of equilibrium for agenda formation in general voting settings. The definition is independent of any protocol. We show that the set of equilibrium outcomes for any Pareto efficient voting rule is uniquely determined, and in fact coincides with that of the outcomes generated by considering all full agendas. Under voting by successive elimination (or amendment), the set of equilibrium outcomes corresponds with the Banks set. We also examine the implications in several specific settings and show that studying equilibrium agendas can lead to sharp predictions, in contrast with well-known “chaos” theorems. Copyright Springer-Verlag 2004

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Bibliographic Info

Paper provided by California Institute of Technology, Division of the Humanities and Social Sciences in its series Working Papers with number 1152.

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Date of creation: Nov 2002
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Publication status: Published: Social Choice & Welfare, 2004, v 23, #2-4, pp 21-57
Handle: RePEc:clt:sswopa:1152

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References

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  1. Salvador Barbera & Hugo Sonnenschein & Lin Zhou, 1990. "Voting by Committees," Cowles Foundation Discussion Papers 941, Cowles Foundation for Research in Economics, Yale University.
  2. Martin J. Osborne & Al Slivinksi, 1995. "A Model of Political Competition with Citizen-Candidates," Department of Economics Working Papers 1995-01, McMaster University.
  3. Carmelo Rodr?uez-?varez, 2001. "Candidate Stability and Voting Correspondences," UFAE and IAE Working Papers 492.01, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  4. 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.
  5. Banks, Jeffrey S. & Gasmi, Farid., 1986. "Endogenous Agenda Formation in Three-Person Committees," Working Papers 603, California Institute of Technology, Division of the Humanities and Social Sciences.
  6. McKelvey, Richard D. & Niemi, Richard G., 1978. "A multistage game representation of sophisticated voting for binary procedures," Journal of Economic Theory, Elsevier, vol. 18(1), pages 1-22, June.
  7. Dutta, Bhaskar & Jackson, Matthew O. & Le Breton, Michel, 2002. "Voting by Successive Elimination and Strategic Candidacy," Journal of Economic Theory, Elsevier, vol. 103(1), pages 190-218, March.
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Cited by:
  1. B. Douglas Bernheim & Antonio Rangel & Luis Rayo, 2002. "Democratic Policy Making with Real-Time Agenda Setting: Part 1," NBER Working Papers 8973, National Bureau of Economic Research, Inc.
  2. Rafael Hortala-Vallve, 2007. "Qualitative Voting," Economics Series Working Papers 320, University of Oxford, Department of Economics.
  3. Elizabeth Penn, 2006. "The Banks Set in Infinite Spaces," Social Choice and Welfare, Springer, vol. 27(3), pages 531-543, December.
  4. Alessandra Casella, 2008. "Storable Votes and Agenda Order Control. Theory and Experiments," Working Papers halshs-00349292, HAL.
  5. Staudigl, Mathias & Weidenholzer, Simon, 2013. "Constrained Interactions and Social Coordination," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79822, Verein für Socialpolitik / German Economic Association.
  6. Casella, Alessandra, 2011. "Agenda control as a cheap talk game: Theory and experiments with Storable Votes," Games and Economic Behavior, Elsevier, vol. 72(1), pages 46-76, May.

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