A note on forward induction in a model of representative democracy
(1999)
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- 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.
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Citations
De Sinopoli, F. (1999). A note on forward induction in a model of representative democracy (CORE Discussion Papers 1999/60). https://hdl.handle.net/2078.5/34824