Condorcet cycles? A model of intertemporal voting
An intertemporal voting model is examined where, at each date, there is a pairwise majority vote between the existing chosen state and some other state, chosen randomly. Intertemporal voting simplifies the strategic issues and the agenda setting is as unrestricted as possible. The possibility of cycles is examined, both in the intertemporal extension to the Condorcet paradox and in more general examples. The set of possibilities is rich, as is demonstrated by an exhaustive study of a three person, three state world. Equilibrium in pure strategies may fail to exist but a weakening of the equilibrium concept to admit probabilistic voting allows a general existence result to be proved. The analysis leads to the development of a dominant state which extends the notion of a Condorcet winner.
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Volume (Year): 29 (2007)
Issue (Month): 3 (October)
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References listed on IDEAS
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- B. D. Bernheim & S. N. Slavov, 2009.
"A Solution Concept for Majority Rule in Dynamic Settings,"
Review of Economic Studies,
Oxford University Press, vol. 76(1), pages 33-62.
- B. Douglas Bernheim & Sita Nataraj Slavov, 2007. "A Solution Concept for Majority Rule in Dynamic Settings," Discussion Papers 07-029, Stanford Institute for Economic Policy Research.
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"Cycling of Simple Rules in the Spatial Model,"
1246, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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- Jeffrey Banks & John Duggan, 2001. "A Multidimensional Model of Repeated Elections," Wallis Working Papers WP24, University of Rochester - Wallis Institute of Political Economy.
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