G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Potential Maximization and Coalition Government Formation
Rod Garratt; Cheng Zhong Qin; James E. Parco; Amnon Rapoport
发表日期2004
出处Climate Change and Sustainable Development
出版年2004
语种英语
摘要A model of coalition government formation is presented in which inefficient, non-minimal winning coalitions may form in Nash equilibrium. Predictions for five games are presented and tested experimentally. The experimental data support potential maximization as a refinement of Nash equilibrium. In particular, the data support the prediction that non-minimal winning coalitions occur when the distance between policy positions of the parties is small relative to the value of forming the government. These conditions hold in games 1, 3, 4 and 5, where subjects played their unique potential-maximizing strategies 91, 52, 82 and 84 percent of the time, respectively. In the remaining game (Game 2) experimental data support the prediction of a minimal winning coalition. Players A and B played their unique potential-maximizing strategies 84 and 86 percent of the time, respectively, and the predicted minimal-winning government formed 92 percent of the time (all strategy choices for player C conform with potential maximization in Game 2). In Games 1, 2, 4 and 5 over 98 percent of the observed Nash equilibrium outcomes were those predicted by potential maximization. Other solution concepts including iterated elimination of dominated strategies and strong/coalition proof Nash equilibrium are also tested.
特色分类C72,C78,D72
关键词Coalition formation,Potential maximization,Nash equilibrium refinements,
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/potential-maximization-and-coalition-government-formation/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117033
推荐引用方式
GB/T 7714
Rod Garratt,Cheng Zhong Qin,James E. Parco,et al. Potential Maximization and Coalition Government Formation. 2004.
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