Equilibrium Agenda Formation
AbstractWe develop a definition of equilibrium for agenda formation in general voting settings. The definition is independent of any protocol. We show that the set of equilibrium outcomes for any Pareto efficient voting rule is uniquely determined, and in fact coincides with that of the outcomes generated by considering all full agendas. Under voting by successive elimination (or amendment), the set of equilibrium outcomes corresponds with the Banks set. We also examine the implications in several specific settings and show that studying equilibrium agendas can lead to sharp predictions, in contrast with well-known ``chaos'' theorems.
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Date of creation: 04 Nov 2002
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agenda; equilibrium; voting; agenda formation;
Other versions of this item:
- Jackson, Matthew O. & Dutta, Bhaskar & Le Breton, Michele, 2002. "Equilibrium Agenda Formation," Working Papers 1152, California Institute of Technology, Division of the Humanities and Social Sciences.
- Dutta, Bhaskar & Jackson, Matthew O. & Breton, Michel Le, 2002. "Equilibrium Agenda Formation," The Warwick Economics Research Paper Series (TWERPS) 628, University of Warwick, Department of Economics.
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-11-10 (All new papers)
- NEP-CDM-2002-11-10 (Collective Decision-Making)
- NEP-POL-2002-11-10 (Positive Political Economics)
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