Complete information pivotal-voter model with asymmetric group size

Mavridis, Christos and Serena, Marco (2018) Complete information pivotal-voter model with asymmetric group size. Public Choice, 177 (1-2). pp. 53-66. ISSN 0048-5829 (doi:10.1007/s11127-018-0585-6)

Preview

PDF - Published version (with publisher's formatting)
Available under License Creative Commons Attribution.
Download (1MB) | Preview

Official URL: https://doi.org/10.1007/s11127-018-0585-6

Abstract

We study the equilibria of the standard pivotal-voter participation game between two groups of voters of asymmetric sizes (majority and minority), as originally proposed by Palfrey and Rosenthal (Public Choice 41(1):7–53, 1983). We find a unique equilibrium wherein the minority votes with certainty and the majority votes with probability in (0,1); we prove that this is the only equilibrium in which voters of only one group play a pure strategy, and we provide sufficient conditions for its existence. Equilibria where voters of both groups vote with probability in (0, 1) are analyzed numerically.

Item Type:	Article
Research Areas:	A. > Business School > Economics
Item ID:	25614
Notes on copyright:	© The Author(s) 2018. This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made
Useful Links:	Middlesex University Expert Profile
Depositing User:	Christos Mavridis
Date Deposited:	15 Nov 2018 12:41
Last Modified:	02 Apr 2019 10:06
URI:	https://eprints.mdx.ac.uk/id/eprint/25614

Actions (login required)

Edit Item

Altmetric

CORE (COnnecting REpositories)

Statistics

Full text downloads (NB count will be zero if no full text documents are attached to the record)

Downloads per month over the past year