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Interim Self-Stable Decision Rules

Author

Listed:
  • Daeyoung Jeong

    (The Bank of Korea)

  • Semin Kim

    (Yonsei University)

Abstract

This study identi es a set of interim self-stable decision rules. In our model, individual voters encounter two separate decisions sequentially: (1) a decision on the change of a voting rule they are going to use later and (2) a decision on the nal voting outcome under the voting rule which has been decided from the prior procedure. A given decision rule is self-stable if any other possible rule does not get enough votes to replace the given rule under the given rule itself. We fully characterize the set of interim self-stable decision rules among weighted majority rules with given weights.

Suggested Citation

  • Daeyoung Jeong & Semin Kim, 2017. "Interim Self-Stable Decision Rules," Working papers 2017rwp-108, Yonsei University, Yonsei Economics Research Institute.
    • Handle: RePEc:yon:wpaper:2017rwp-108
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    References listed on IDEAS

    as
    1. Holmstrom, Bengt & Myerson, Roger B, 1983. "Efficient and Durable Decision Rules with Incomplete Information," Econometrica, Econometric Society, vol. 51(6), pages 1799-1819, November.
    2. Yaron Azrieli & Semin Kim, 2014. "Pareto Efficiency And Weighted Majority Rules," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55, pages 1067-1088, November.
    3. Salvador Barbera & Matthew O. Jackson, 2004. "Choosing How to Choose: Self-Stable Majority Rules and Constitutions," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(3), pages 1011-1048.
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    7. Salvador Barbera & Matthew O. Jackson, 2006. "On the Weights of Nations: Assigning Voting Weights in a Heterogeneous Union," Journal of Political Economy, University of Chicago Press, vol. 114(2), pages 317-339, April.
    8. Azrieli, Yaron & Kim, Semin, 2016. "On the self-(in)stability of weighted majority rules," Games and Economic Behavior, Elsevier, vol. 100(C), pages 376-389.
    9. Rae, Douglas W., 1969. "Decision-Rules and Individual Values in Constitutional Choice," American Political Science Review, Cambridge University Press, vol. 63(1), pages 40-56, March.
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    Keywords

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    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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