Agenda manipulation-proofness, stalemates, and redundant elicitation in preference aggregation. Exposing the bright side of Arrow's theorem

This paper provides a general framework to explore the possibility of agenda manipulation-proof and proper consensus-based preference aggregation rules, so powerfully called in doubt by a disputable if widely shared understanding of Arrow's `general possibility theorem'. We consider two alternative versions of agenda manipulation-proofness for social welfare functions, that are distinguished by `parallel' vs. `sequential' execution of agenda formation and preference elicitation, respectively. Under the `parallel' version, it is shown that a large class of anonymous and idempotent social welfare functions that satisfy both agenda manipulation-proofness and strategy-proofness on a natural domain of single-peaked `meta-preferences' induced by arbitrary total preference preorders are indeed available. It is only under the second, `sequential' version that agenda manipulation-proofness on the same natural domain of single-peaked `meta-preferences' is in fact shown to be tightly related to the classic Arrowian `independence of irrelevant alternatives' (IIA) for social welfare functions. In particular, it is shown that using IIA to secure such `sequential' version of agenda manipulation-proofness and combining it with a very minimal requirement of distributed responsiveness results in a characterization of the `global stalemate' social welfare function, the constant function which invariably selects universal social indifference. It is also argued that, altogether, the foregoing results provide new significant insights concerning the actual content and the constructive implications of Arrow's `general possibility theorem' from a mechanism-design perspective

Contractual Federalism and Strategy-proof Coordination

This paper takes a mechanism design approach to federalism and assumes that local preferences are the private information of local jurisdictions. Contractual federalism is defined as a strategy-proof contract among the members of the federation supervised by a benevolent but not omniscient federal authority. We show that even if the size of the information to be elicited is minimal, the incentive compatibility constraint has a bite in terms of flexibility and welfare. Strategy-proof and efficient federal mechanisms are necessarily uniform. There exists inefficient and non-uniform strategy-proof mechanisms, but they are socially worse than non cooperative decentralization. Federal mechanisms which are neutral and robust to coalition manipulations are equivalent to voting rules on uniform policies.Federalism, Asymmetric Information, Strategy-proofness, Externality, Coordination, Uniformity. JEL Classification Numbers: D71, D72, D82, H77

Party Formation and Coalitional Bargaining in a Model of Proportional Representation

We study a game theoretic model of a parliamentary democracy under proportional representation where `citizen candidates' form parties, voting occurs and governments are formed. We study the coalition governments that emerge as functions of the parties' seat shares, the size of the rents from holding office and their ideologies. We show that governments may be minimal winning, minority or surplus. Moreover, coalitions may be `disconnected'. We then look at how the coalition formation game affects the incentives for party formation. Our model explains the diverse electoral outcomes seen under proportional representation and integrates models of political entry with models of coalitional bargaining.Proportional representation, Party formation, Coalitions

Implementation in strong core by codes of rights

AbstractFollowing the seminal contribution of Koray and Yildiz (J Econ Theory 176:479–502, 2018), we re-examine the classical questions of implementation theory under complete information in a setting where coalitions are fundamental behavioral units, and the outcomes of their interactions are predicted by applying the solution concept of the strong core. The planner’s exercise includes designing a code of rights that specifies the collection of coalitions having the right to block one outcome by moving to another. We provide a complete characterization of the implementable social choice rules.</jats:p

Corporate board composition, protocols, and voting behavior: experimental evidence

We model experimentally the governance of an institution. The optimal management of this institution depends on the information possessed by insiders. However, insiders, whose interests are not aligned with the interests of the institution, may choose to use their information to further personal rather than institutional ends. Researchers (e.g., Palfrey 1990) and the business press have both argued that multiagent mechanisms, which inject trustworthy but uninformed “watchdog” agents into the governance process and impose penalties for conflicting recommendations, can implement institutionally preferred outcomes. Our laboratory experiments strongly support this conclusion. In the experimental treatments in which watchdog agents were included, the intuitionally preferred allocation was implemented in the vast majority of cases. Surprisingly, implementation occurred even in the absence of penalties for conflicting recommendations.Corporations - Finance ; Game theory

Construir el diálogo científico en la Matemática: la búsqueda del equilibrio entre símbolos y palabras en artículos de investigación sobre Teoría de Juegos

Maestría en Inglés con Orientación en Lingüística AplicadaMost scientific communication is conducted in English, which may be a difficult task and a source of obstacles for researchers whose primary language is not English (Bitchenera & Basturkmen, 2006; Borlogan, 2009; Duff, 2010; Matsuda & Matsuda, 2010). As a matter of concern for language scholars, this situation requires at least two actions: (1) the development of research focused on the problems faced by researchers when writing in a foreign language, and (2) the design and implementation of pedagogical and didactic programmes or services aimed at providing researchers with the tools to enhance their linguistic and rhetorical skills. In both cases, the ultimate objective of these lines of action is to help researchers integrate into and interact with their knowledge communities in an independent, active and successful way. Considering those needs and the emerging interest in English as a lingua franca or as an international language, many scholars have devoted to studying the features of writing and language use across the world and across disciplines (Hyland, 2004; Matsuda & Matsuda, 2010; Mercado, 2010). However, few have explored the case of Mathematics (Lemke, 2002; Morgan, 2008; O’Halloran, 2005; Schleppegrell, 2007), and even fewer have investigated the discourse of scientific research articles (SRA) in this discipline (Graves & Moghadassi, 2013, 2014). In view of this situation, investigation of the discourse of science in the field of Mathematics (Game Theory - GT) as used in the Institute of Applied Mathematics (IMASL), at the National University of San Luis (UNSL), becomes both an answer to local researchers’ needs and an attempt to contribute to current research in writing, evaluative discourse and use of English as an international language for the communication of science. Thus, the main objective of this work is to conduct a comparative description between unpublished GT SRAs written in English by IMASL researchers and published GT SRAs written in English by international authors, in terms of linguistic features used to build authorship and authorial stance. The exploration of the genre is made from the perspective of the system of Appraisal (Hood, 2010; Martin & White, 2005; White, 2000), with the aid of Corpus Linguistics (CL) tools (Cheng, 2012; Meyer, 2002; Tognini-Bonelli, 2001). The results of this research are expected to be useful for the enhancement of knowledge of language professionals devoted to the teaching of writing as well as translation, proofreading, editing and reviewing services. A further goal is to lay the foundations for the production of didactic material which can potentially be incorporated into writing courses or professional writing, translation, reviewing and proofreading training programmes.Fil: Lucero Arrua, Graciela Beatriz. Universidad Nacional de Córdoba. Facultad de Lenguas; Argentina

Contributions to Game Theory and Management. Vol. III. Collected papers presented on the Third International Conference Game Theory and Management.

The collection contains papers accepted for the Third International Conference Game Theory and Management (June 24-26, 2009, St. Petersburg University, St. Petersburg, Russia). The presented papers belong to the field of game theory and its applications to management. The volume may be recommended for researches and post-graduate students of management, economic and applied mathematics departments.

A Political Reciprocity Mechanism

We consider the problem of designing legislative mechanisms that guarantee equilibrium existence, Pareto-efficiency, and inclusiveness. To address this question, we propose a finite-horizon voting procedure that embeds clauses of reciprocity. These clauses grant voters the right to oppose actions that are not in their interest, retract actions that face opposition, and punish harmful actions. We study voters\u27 strategic behavior under this voting procedure using two classical approaches. Following the blocking approach, we introduce two related solution concepts---the reciprocity set and the sophisticated reciprocity set---to predict equilibrium policies. We then show that these solution concepts (1) are always non-empty; (2) only select Pareto-efficient policies; (3) strategically protect minority interests; and (4) are compatible with classical notions of fairness and Rawlsian justice in distributive problems. Following the non-cooperative approach, we provide an implementation of each of these solution concepts in subgame perfect equilibrium, which makes them applicable in a wide range of legislative settings. We also extend them to effectivity functions, a large class of games that includes strategic form games. A comparative analysis shows that the reciprocity mechanism has other desirable features and properties that distinguish it from other well-known voting mechanisms and solution concepts