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Equilibrium Agenda Formation
Paper Number: 1152
Date: 11/01/2002
Abstract:

We develop a definition of equilibrium for agenda formation in general voting settings. The definition is independent of any proto col. We show that the set of equilibrium outcomes for any Pareto efficient voting rule is uniquely determined, and in fact coincides with that of the outcomes generated by considering all full agendas. Under voting by successive elimination (or amendment), the set of equilibrium outcomes corresponds with the Banks set. We also examine the implications in several specific settings and show that studying equilibrium agendas can lead to sharp predictions, in contrast with well-known "chaos" theorems.

Paper Length: 39
Paper: sswp1152.pdf