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Noncooperative foundations of stable sets in voting games

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  • Anesi, Vincent

Abstract

This short note studies the noncooperative foundations of von Neumann-Morgenstern stable sets in voting games. To do so, we study stationary Markov equilibria (SMEs) of a noncooperative legislative bargaining game, based on underlying simple games. The following result emerges from such an exercise: Every stable set of the underlying simple game is the limit set of pure strategy, stage-undominated SMEs of the bargaining game when voters are sufficiently farsighted.

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  • Anesi, Vincent, 2010. "Noncooperative foundations of stable sets in voting games," Games and Economic Behavior, Elsevier, vol. 70(2), pages 488-493, November.
    • Handle: RePEc:eee:gamebe:v:70:y:2010:i:2:p:488-493
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    More about this item

    Keywords

    Legislative bargaining Committee Stationary Markov equilibrium Stable set;

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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