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Stable Voting Procedures for Committees in Economic Environments

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Author Info
Hans Keiding (Institute of Economics, University of Copenhagen)
Bezalel Peleg (Hebrew University of Jerusalem)

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Abstract

A strong representation of a committee, formalized as a simple game, on a convex and closed set of alternatives is a game form with the members of the committee as players such that (i) the winning coalitions of the simple game are exactly those coalitions, which can get any given alternative independent of the strategies of the complement, and (ii) for any profile of continuous and convex preferences, the resulting game has a strong Nash equilibrium. In the paper, it is investigated whether committees have representations on convex and compact subsets of Rm. This is shown to be the case if there are vetoers; for committees with no vetoers the existence of strong representations depends on the structure of the alternative set as well as on that of the committee (its Nakamura-number). Thus, if A is strictly convex, compact, and has smooth boundary, then no committee can have a strong representation on A. On the other hand, if A has non-smooth boundary, representations may exist depending on the Nakamura-number (if it is at least 7).

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Publisher Info
Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 99-20.

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Length: 26 pages
Date of creation: Jul 1999
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Handle: RePEc:kud:kuiedp:9920

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Related research
Keywords: committees; simple games; representation; effectivity functions;

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Find related papers by JEL classification:
D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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References listed on IDEAS
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  1. Peleg, Bezalel, 1978. "Consistent Voting Systems," Econometrica, Econometric Society, vol. 46(1), pages 153-61, January. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Hans Keiding & Bezalel Peleg, 2003. "On the Continuity of Representations of Effectivity Functions," Discussion Papers 03-30, University of Copenhagen. Department of Economics. [Downloadable!]
    Other versions:
  2. Bezalel Peleg, 2002. "Complete Characterization of Acceptable Game Forms by Effectivity Functions," Discussion Paper Series dp283, Center for Rationality and Interactive Decision Theory, Hebrew University, Jerusalem. [Downloadable!]
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