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In Poisson games, an extension of perfect equilibrium based on perturbations of the strategy space does not guarantee that players use admissible actions. This observation suggests that such a class of perturbations is not the correct one. We characterize the right space of perturbations to...
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In this paper, we prove that for generic (non cooperative) voting games under plurality rule an equilibrium that induces a mixed distribution over the outcomes (i.e. with two or more candidates elected with positive probability) is isolated. From that we deduce also that the set of equilibrium...
Persistent link: https://www.econbiz.de/10005042864
In this note we show that, for generic plurality games (i.e., voting games under plurality rule), an equilibrium that induces a mixed distribution over the outcomes (i.e., with two or more candidates elected with positive probability), is regular and, hence, a Mertens' stable set. Furthermore,...
Persistent link: https://www.econbiz.de/10005043120
In this note we discuss two examples of appoval voting games. The first one, with six voters and three candidates, has a unique stable set,where each voter approves only his most preferred candidate. This strategy coincides with the sophisticated one, while other strategy combinations, leading...
Persistent link: https://www.econbiz.de/10005043351
In this paper we show, via some simple examples, that also in the class of games we are dealing with, there are perfect equilibria that are not proper and, moreover, some "proper" outcome is not induced by any stable set. Furthermore, we show that the perfect concept does not appear restrictive...
Persistent link: https://www.econbiz.de/10005043459
Voting games are characterized by the emergence of dominated strategies, that would be iteratively deleted by rational players. In this note we show, via an example, how applying iterated dominance restricts the set of equilibrium outcomes in Besley and Coate (1997) citizencandidate model of...
Persistent link: https://www.econbiz.de/10005008238
The citizen-candidate approach, proposed to study the performance of representative democracies, builds on a multi-stage game where the same agents are asked whether or not to become a candidate and, successively, to vote. Consistently, the solution concept adopted in Besley and Coate (1997)...
Persistent link: https://www.econbiz.de/10005008301