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A Note on Forward Induction in a Model of Representative Democracy

  • Francesco De Sinopoli

    ()

    (Universidad Carlos III de Madrid - Department of Economics)

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. Some results on stable sets are then obtained.

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Paper provided by Tor Vergata University, CEIS in its series CEIS Research Paper with number 21.

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Length: 19
Date of creation: 06 Jun 2003
Date of revision:
Handle: RePEc:rtv:ceisrp:21
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  1. 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.
  2. van Damme,Eric, 1987. "Stable equilibria and forward induction," Discussion Paper Serie A 128, University of Bonn, Germany.
  3. Ehud Kalai & Dov Samet, 1982. "Persistent Equilibria in Strategic Games," Discussion Papers 515, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  4. MERTENS, Jean-François, . "The small worlds axiom for stable equilibria," CORE Discussion Papers RP -1015, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  5. Tim Besley & Stephen Coate, . ""An Economic Model of Representative Democracy''," CARESS Working Papres 95-02, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
  6. Kohlberg, Elon & Mertens, Jean-Francois, 1986. "On the Strategic Stability of Equilibria," Econometrica, Econometric Society, vol. 54(5), pages 1003-37, September.
  7. 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.
  8. 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 171-84.
  9. Mertens, J.-F., 1988. "Stable equilibria - a reformulation," CORE Discussion Papers 1988038, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  10. repec:ner:tilbur:urn:nbn:nl:ui:12-154422 is not listed on IDEAS
  11. 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).
  12. Francesco De Sinopoli, 2000. "Sophisticated voting and equilibrium refinements under plurality rule," Social Choice and Welfare, Springer, vol. 17(4), pages 655-672.
  13. Martin J. Osborne & Al Slivinksi, 1995. "A Model of Political Competition with Citizen-Candidates," Department of Economics Working Papers 1995-01, McMaster University.
  14. Govindan Srihari, 1995. "Stability and the Chain Store Paradox," Journal of Economic Theory, Elsevier, vol. 66(2), pages 536-547, August.
  15. In-Koo Cho & David M. Kreps, 1997. "Signaling Games and Stable Equilibria," Levine's Working Paper Archive 896, David K. Levine.
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