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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

Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 1999060.

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Date of creation: 01 Nov 1999
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Handle: RePEc:cor:louvco:1999060

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Related research

Keywords: Voting games; refinements of Nash equilibrium; citizen-candidate; forward induction; Mertens’ stable sets;

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References

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  1. 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.
  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. 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).
  4. E. Kohlberg & J.-F. Mertens, 1998. "On the Strategic Stability of Equilibria," Levine's Working Paper Archive 445, David K. Levine.
  5. MERTENS, Jean-François, . "The small worlds axiom for stable equilibria," CORE Discussion Papers RP -1015, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  6. van Damme,Eric, 1987. "Stable equilibria and forward induction," Discussion Paper Serie A 128, University of Bonn, Germany.
  7. In-Koo Cho & David M. Kreps, 1997. "Signaling Games and Stable Equilibria," Levine's Working Paper Archive 896, David K. Levine.
  8. Ehud Kalai & Dov Samet, 1982. "Persistent Equilibria in Strategic Games," Discussion Papers 515, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  9. Tim Besley & Stephen Coate, . ""An Economic Model of Representative Democracy''," CARESS Working Papres 95-02, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
  10. 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.
  11. Dhillon, A. & Lockwood, B., 1999. "When are Plurality Rule Voting Games Dominance-Solvable?," The Warwick Economics Research Paper Series (TWERPS) 549, University of Warwick, Department of Economics.
  12. 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).
  13. Govindan Srihari, 1995. "Stability and the Chain Store Paradox," Journal of Economic Theory, Elsevier, vol. 66(2), pages 536-547, August.
  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. Mertens, J.-F., 1988. "Stable equilibria - a reformulation," CORE Discussion Papers 1988038, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  16. repec:fth:louvco:9927 is not listed on IDEAS
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Cited by:
  1. Vincent Anesi, 2007. "Noncooperative Foundations of Stable Sets in Voting Games," Discussion Papers 2007-09, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
  2. Dellis, Arnaud, 2010. "Weak undominance in scoring rule elections," Mathematical Social Sciences, Elsevier, vol. 59(1), pages 110-119, January.

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