A Note on Forward Induction in a Model of Representative Democracy

Francesco De Sinopoli

CEIS Research Paper from Tor Vergata University, CEIS

Abstract: 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) conforms to backward induction rationality. In this note we remark that it does not conform to forward induction rationality. Some results on stable sets are then obtained.

Keywords: Voting games; refinements of Nash equilibrium; citizen-candidate; forward induction; Mertens' stable sets (search for similar items in EconPapers)
JEL-codes: C72 D72 (search for similar items in EconPapers)
Pages: 19
Date: 2003-06-06
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Journal Article: A note on forward induction in a model of representative democracy (2004)
Working Paper: A note on forward induction in a model of representative democracy (1999)
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