Article ID Journal Published Year Pages File Type
5072334 Games and Economic Behavior 2010 6 Pages PDF
Abstract
This short note studies the noncooperative foundations of von Neumann-Morgenstern stable sets in voting games. To do so, we study stationary Markov equilibria (SMEs) of a noncooperative legislative bargaining game, based on underlying simple games. The following result emerges from such an exercise: Every stable set of the underlying simple game is the limit set of pure strategy, stage-undominated SMEs of the bargaining game when voters are sufficiently farsighted.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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