preferences. Where a preference-induced equilibrium exists, outcomes converge toward that equilibrium. Where a natural majority …

two alternatives (e.g., Myerson (1998)). We show that there always exists an efficient equilibrium under the simple … alternatives and the condition under which they exist. There is only one type of inefficient equilibrium with two alternatives. In … this equilibrium, voters vote unresponsively because they all vote for the same alternative. Under the same condition, the …

such equilibrium proposal power is endogenously limited compared to the case of no reconsideration. The general model is …

two alternatives (e.g., Myerson [1998]). We show that an efficient equilibrium always exists under the simple plurality … the condition under which they exist. There is only one type of inefficient equilibrium with two alternatives. In this … equilibrium, voters vote unresponsively because they all vote for the same alternative. Under the same condition, the same type of …