We consider a model of common-value sequential voting in which voters are differentiated in their information. We ask whether the intuition as in the simultaneous-voting case---voters with no information would vote so as not to influence the outcome---would be valid to imply long voting in our...

We propose a simple model of repeated games with private monitoring and time-varying information structures. We then obtain an example demonstrating that the set of achievable equilibrium payoffs may shrink when players' information regarding opponents' information structures is increased.

Fudenberg and Levine (1993a) introduced the notion of self-confirming equilibrium, which is generally less restrictive than Nash equilibrium. Fudenberg and Levine also defined a concept of consistency, and claimed in their Theorem 4 that with consistency and other conditions on beliefs, a...

In most variants of the Hotelling-Downs model of election, it is assumed that voters have concave utility functions. This assumption is arguably justied in issues such as economic policies, but convex utilities are perhaps more appropriate in others such as moral or religious issues. In this...

We study games endowed with a pre-play phase in which players prepare the actions that will be implemented at a predetermined deadline. In the preparation phase, each player stochastically receives opportunities to revise her actions, and the finally-revised action is taken at the deadline. In...

In costly voting models, voters abstain when a stochastic cost of voting exceeds the benefit from voting. In probabilistic voting models, they always vote for a candidate who generates the highest utility, which is subject to random shocks. We prove an equivalence result: In two-candidate...

Rationalizable partition-confirmed equilibrium (RPCE) describes the steady state outcomes of rational learning in extensive-form games, when rationality is common knowledge and players observe a partition of the terminal nodes. RPCE allows players to make inferences about unobserved play by...