Voting for Voters: A Model of Electoral Evolution
AbstractWe model the decision problems faced by the members of societies whose new members are determined by vote. We adopt a number of simplifying assumptions: the founders and the candidates are fixed; the society operates for $k$ periods and holds elections at the beginning of each period; one vote is sufficient for admission, and voters can support as many candidates as they wish; voters assess the value of the streams of agents with whom they share the society, while they belong to it. In spite of these simplifications, we show that interesting strategic behavior is implied by the dynamic structure of the problem: the vote for friends may be postponed, and it may be advantageous to vote for enemies. We discuss the existence of different types of equilibria in pure strategies and point out interesting equilibria in mixed strategies.
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Bibliographic InfoPaper provided by EconWPA in its series Game Theory and Information with number 9804001.
Length: 1 pages
Date of creation: 16 Apr 1998
Date of revision:
Note: Type of Document - AMSTeX; prepared on IBM PC; to print on PostScript; pages: 1+48 ; figures: included
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voting; elections; clubs; game theory; noncooperative games; pure-strategy equilibrium profiles; refinements;
Other versions of this item:
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
This paper has been announced in the following NEP Reports:
- NEP-ALL-1998-10-02 (All new papers)
- NEP-CDM-1998-10-02 (Collective Decision-Making)
- NEP-GTH-1998-10-02 (Game Theory)
- NEP-MIC-1998-10-02 (Microeconomics)
- NEP-PBE-1998-10-02 (Public Economics)
- NEP-PUB-1998-10-02 (Public Finance)
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