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On the Equivalence of Simulteneous and Sequential Binary Elections

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Author Info
Dekel, E.
Piccione, M.

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Abstract

We explore sequential voting in symmetric two-option environments. We show that the (informative) symmetric equilibria of the simultaneous voting game are also equilibria in any sequential voting structure. In unanimity games, (essentially) the whole set of equilibria is the same in all sequential structures. We also explore the relationship between simultaneous and sequential voting in other contexts. We illustrate several instances where sequential voting does no better at aggregating information than simultaneous voting. The inability of the sequential structure to use additional information in voting models is distinct from that in the herd-cascade literature.

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Publisher Info
Paper provided by Economics Division, School of Social Sciences, University of Southampton in its series Discussion Paper Series In Economics And Econometrics with number 9801.

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Date of creation: 01 Jan 1998
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Handle: RePEc:stn:sotoec:9801

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  1. Hao Li & Sherwin Rosen & Wing Suen, 2000. "Conflicts and Common Interests in Committees," Econometric Society World Congress 2000 Contributed Papers 0341, Econometric Society. [Downloadable!]
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  2. Angela A. Hung & Charles R. Plott, 2001. "Information Cascades: Replication and an Extension to Majority Rule and Conformity-Rewarding Institutions," American Economic Review, American Economic Association, vol. 91(5), pages 1508-1520, December. [Downloadable!] (restricted)
  3. Ernst Maug & Bilge Yilmaz, . "Two-Class Voting: A Mechanism for Conflict Resolution?," Rodney L. White Center for Financial Research Working Papers 4-00, Wharton School Rodney L. White Center for Financial Research. [Downloadable!]
  4. Ernst Maug & Bilge Yilmaz, . "Two-Class Voting: A Mechanism for Conflict Resolution?," Rodney L. White Center for Financial Research Working Papers 04-00, Wharton School Rodney L. White Center for Financial Research. [Downloadable!]
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