English, Article, Journal or magazine article edition: Noncooperative Foundations of Stable Sets in Voting Games. Vincent Anesi

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Noncooperative Foundations of Stable Sets in Voting Games
Author
  • Vincent Anesi
Physical Description
  • preprint
Notes
  • This note investigates the noncooperative foundations of von Neumann-Morgenstern (vN-M) stable sets in voting games. To do so, we study subgame perfect equilibria of a noncooperative legislative bargaining game, based on underlying simple games. The following results emerge from such an exercise: Every stable set of the underlying simple game is the limit set of undominated pure-strategy Markov perfect equilibria, and of strategically stable sets of undominated subgame perfect equilibria of the bargaining game with farsighted voters.
  • RePEc:roc:rocher:551
  • This note studies the noncooperative foundations of von Neumann- Morgenstern (vN-M) stable sets in voting games. To do so, we study Markov perfect equilibria 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 undominated Markov perfect equilibria of the bargaining game, which form a strategically stable set of equilibria, when voters are suciently farsighted; thus establishing a relationship between vN-M stability and strategic stability in voting games.
  • Legislative bargaining, committee, strategic stability, stable set.
  • RePEc:cdx:dpaper:2007-09
Language
  • English
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