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Equilibrium agenda formation
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Dutta, Bhaskar, Jackson, Matthew O. and Le Breton, Michel (2001) Equilibrium agenda formation. Working Paper. Coventry: University of Warwick, Department of Economics. (Warwick economic research papers.
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Abstract
We develop a definition of equilibrium for agenda formation in general voting settings. The definition is independent of any protocol. We show that the set of equilibrium outcomes for any Pareto efficient voting rule is uniquely determined. We also show that for such voting rules, if preferences are strict then the set of equilibrium outcomes coincides with that of the outcomes generated by considering all full agendas for voting by successive elimination and show that the set of equilibrium outcomes corresponds with the Banks set. We also examine the implications in several other settings.
| Item Type: | Working or Discussion Paper (Working Paper) |
|---|---|
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Social Sciences > Economics |
| Library of Congress Subject Headings (LCSH): | Voting research, Negotiation, Equilibrium (Economics), Social choice, Elections |
| Series Name: | Warwick economic research papers |
| Publisher: | University of Warwick, Department of Economics |
| Place of Publication: | Coventry |
| Date: | 11 December 2001 |
| Number: | No.628 |
| Number of Pages: | 42 |
| Status: | Not Peer Reviewed |
| Access rights to Published version: | Open Access |
| Description: | Original version, September 2001; this draft: December 11, 2001 |
| Funder: | National Science Foundation (U.S.) (NSF), University of Warwick |
| Grant number: | SES-9986190 (NSF) |
| References: | Austen-Smith, D. (1987), "Sophisticated Sincerity: Voting over Endogenous Agendas", American Political Science Review, 81, pp 1323-29. Austen-Smith, D. and J.S. Banks, (1999), Positive Political Theory I : Collective Preference, University of Michigan Press, Ann Arbor. Banks, J.S. (1985), \Sophisticated Voting Outcomes and Agenda Control," Social Choice and Welfare, 1, pp 295-306. Banks, J.S. and F. Gasmi (1987), \ Endogenous Agenda Formation in Three-Person Committees", Social Choice and Welfare, 4, pp 133-152. Baron, D. and J. Ferejohn (1989) \Bargaining in Legislatures," American Political Science Review, vol. 83, pp 1181-1206. Besley, T. and S. Coate (1997), \An Economic Model of Representative Democracy, Quarterly Journal of Economics, 112, pp 85-114. Chwe, M. S-Y. (1994), \Farsighted Coalitional stability", Journal of Economic Theory, 63, pp 299-325. Denzau, A., W. Riker, and K.A. Shepsle (1985), \Farquharson and Fenno: Sophisticated Voting and Home Style," American Political Science Review, vol. 79, pp 1117-1135. Dutta, B., M.O. Jackson and M. Le Breton (1998), \Voting by Successive Elimination and Strategic Candidacy," forthcoming in the Journal of Economic Theory. Dutta, B., M.O. Jackson and M. Le Breton (2001), \Strategic Candidacy and Voting Procedures," Econometrica, Vol. 69, pp 1013{1037. Farquharson, R. (1969), Theory of Voting, New Haven: Yale University Press. Ferejohn, J., Fiorina, M. and R.D. McKelvey (1987), "Sophisticated Voting and Agenda Independence in the Distributive Politics Setting", American Journal of Political Science, 31, pp 169-194. Groseclose, T. and Krehbiel, K. (1993), "On the Pervasiveness of Sophisticated Sincerity", Chapter 10 in: W.A. Barnett, M.J. Hinich, and N.J. Schofield (eds), Political Economy: Institutions, Competition, and Representation, Cambridge University Press, pp 247-277. Laslier, J.F. (1997), Tournament Solutions and Majority Voting, Berlin/ Heidelberg: Springer-Verlag. McKelvey, R.D. (1976), \Intransitivities in Multidimensional Voting Models and some Implications for Agenda Control," Journal of Economic Theory, Vol. 12, pp 472{482. McKelvey, R.D. (1979), \General Conditions for Global Intransitivities in Formal Voting Models," Econometrica, Vol. 47, pp 1085{1112. McKelvey, R.D. and Niemi, R.G. (1978), "A Multistage Game Representation of Sophisticated Voting for Binary Procedures", Journal of Economic Theory, 18, 1-22. Miller, N.R., Grofman, B and S.L. Feld (1990), \Cycle Avoiding Trajectories, Strategic Agendas, and the Duality of Memory and Foresight: An Informal Exposition", Public Choice, 64, pp 265-277. Ordeshook, P. (1993), "The Development of Contemporary Political Theory", Chapter 4 in: W.A. Barnett, M.J. Hinich, and N.J. Schofield (eds), Political Economy: Institutions, Competition, and Representation, Cambridge University Press, pp 71-104. Ordeshook, P. and Schwartz (1987), \Agendas and the Control of Political Outcomes", American Political Science Review, 81, pp 179-200. Osborne, M.J. and A. Slivinski (1996), \A Model of Political Competition with Citizen Candidates," Quarterly Journal of Economics, 111, pp 65-96. Penn, E.M. (2001), \A Distributive N-Amendment Game with Endogenous Agenda Formation," mimeo: Caltech. Plott, C. (1967), \A Notion of Equilibrium and its Possibility under Majority Rule, American Economic Review, Vol. 57, pp 787{806. Riker, W.H. (1962), The Theory of Political Coalitions, New Haven, Yale University Press. Shepsle, K. and B.Weingast (1984), \Uncovered Sets and Sophisticated Voting Outcomes with Implications for Agenda Institutions," American Journal of Political Science, 28, pp 49-74. |
| URI: | http://wrap.warwick.ac.uk/id/eprint/1562 |
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