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UNIQUENESS OF RESPONSIVE VOTING EQUILIBRIUM
Dalkir, Elif
Dalkir, Elif
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Abstract
I consider a voting model in which voters receive private signals about a state variable that affects the utility of voters. There is a continuum of signals, normally distributed conditional on the state variable. I characterize a sufficient condition under which there does not exist any asymmetric equilibria. Therefore, for any plurality rule, the unique responsive equilibrium is symmetric.
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Date
2008-01-01
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University of Kansas
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Keywords
Mathematics, Economics, Finance, Economic theory, Asymmetric information, Collective decision making, Information aggregation, Responsive bayesian-nash equilibrium, Stability, Strategic voting