A note on forward induction in a model of representative democracy
The citizen-candidate approach, proposed to study the performance of representative democracies, builds on a multi-stage game where the same agents are asked whether or not to become a candidate and, successively, to vote. Consistently, the solution concept adopted in Besley and Coate (1997) conforms to backward induction rationality. In this note we remark that it does not conform to forward induction rationality.
|Date of creation:||01 Nov 1999|
|Contact details of provider:|| Postal: Voie du Roman Pays 34, 1348 Louvain-la-Neuve (Belgium)|
Fax: +32 10474304
Web page: http://www.uclouvain.be/core
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- van Damme, E.E.C., 1989.
"Stable equilibria and forward induction,"
Other publications TiSEM
bd598a8f-f017-4cab-a9ed-8, Tilburg University, School of Economics and Management.
- DE SINOPOLI, Francesco, "undated".
"Sophisticated voting and equilibrium refinements under plurality rule,"
CORE Discussion Papers RP
1467, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Francesco De Sinopoli, 2000. "Sophisticated voting and equilibrium refinements under plurality rule," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 17(4), pages 655-672.
- MERTENS, Jean-François, 1990.
"The "small worlds" axiom for stable equilibria,"
CORE Discussion Papers
1990007, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Martin J. Osborne & Al Slivinski, 1996.
"A Model of Political Competition with Citizen-Candidates,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 111(1), pages 65-96.
- Martin J. Osborne & Al Slivinksi, 1995. "A Model of Political Competition with Citizen-Candidates," Department of Economics Working Papers 1995-01, McMaster University.
- Tim Besley & Stephen Coate, "undated".
"An Economic Model of Representative Democracy,"
Penn CARESS Working Papers
ecf70d639d700dba5327ab0c8, Penn Economics Department.
- Osborne, Martin J., 1990. "Signaling, forward induction, and stability in finitely repeated games," Journal of Economic Theory, Elsevier, vol. 50(1), pages 22-36, February.
- Dhillon, Amrita & Lockwood, Ben, 2004.
"When are plurality rule voting games dominance-solvable?,"
Games and Economic Behavior,
Elsevier, vol. 46(1), pages 55-75, January.
- Dhillon, A. & Lockwood, B., 1999. "When are Plurality Rule Voting Games Dominance-Solvable?," The Warwick Economics Research Paper Series (TWERPS) 549, University of Warwick, Department of Economics.
- Govindan Srihari, 1995. "Stability and the Chain Store Paradox," Journal of Economic Theory, Elsevier, vol. 66(2), pages 536-547, August.
- In-Koo Cho & David M. Kreps, 1997.
"Signaling Games and Stable Equilibria,"
Levine's Working Paper Archive
896, David K. Levine.
- DE SINOPOLI, Francesco & TURRINI, Alessandro, 1999. "A remark on voters’ rationality in Besley and coate model of representative democracy," CORE Discussion Papers 1999027, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Mertens, J.-F., 1988. "Stable equilibria - a reformulation," CORE Discussion Papers 1988038, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Dhillon, Amrita & Lockwood, Ben, 2002. " Multiple Equilibria in the Citizen-Candidate Model of Representative Democracy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 4(2), pages 171-184.
- Ehud Kalai & Dov Samet, 1982. "Persistent Equilibria in Strategic Games," Discussion Papers 515, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- E. Kohlberg & J.-F. Mertens, 1998.
"On the Strategic Stability of Equilibria,"
Levine's Working Paper Archive
445, David K. Levine.
When requesting a correction, please mention this item's handle: RePEc:cor:louvco:1999060. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alain GILLIS)
If references are entirely missing, you can add them using this form.