We model the decision problems faced by the members of societies whose new members are determined by vote. We adopt a number of simplifying assumptions: the founders and the candidates are fixed; the society operates for $k$ periods and holds elections at the beginning of each period; one vote is...

Two of the most important refinements of the Nash equilibrium concept for extensive form games with perfect recall are Selten's (1975) {\it perfect equilibrium\/} and Kreps and Wilson's (1982) more inclusive {\it sequential equilibrium\/}. These two equilibrium refinements are motivated in very...