In this paper we show, via some simple examples, that also in the class of games we are dealing with, there are perfect equilibria that are not proper and, moreover, some "proper" outcome is not induced by any stable set. Furthermore, we show that the perfect concept does not appear restrictive enough, since, independently of preferences, it can exclude at most the election of only one candidate. Finally, the stable set's conformity to the iterated dominance principle implies the superiority of this solution concept, even in the peculiar class of plurality games.
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Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number
1998043.
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Brams, Steven J., 1994.
"Voting procedures,"
Handbook of Game Theory with Economic Applications,
in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 2, chapter 30, pages 1055-1089
Elsevier.
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Brams, Steven J. & Fishburn, Peter, 1998.
"Voting Procedures,"
Working Papers
98-30, C.V. Starr Center for Applied Economics, New York University.
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Brams, Steven J. & Fishburn, Peter C., 2002.
"Voting procedures,"
Handbook of Social Choice and Welfare,
in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 1, chapter 4, pages 173-236
Elsevier.
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