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Properties of voting with veto power

  • A. I. Mashechkin
  • I. I. Pospelova
Article
  • 37 Downloads

The article investigates a game-theoretical model with veto power in application to the election of the chairman of the board in a corporation. Alternative voting rules are considered, the most interesting being open voting in a specified order. Conditions are determined when voter 1 can ensure the election of his candidate. A complete solution is obtained for three voters, both in the case of strict preferences and in the case when the preferences of voters 2 and 3 are incompletely defined (contain an uncertainty). The latter case is particularly relevant because it arises for several decision-making rules and is an inseparable part of the real-life election process, when the voters represent several interest groups.

Keywords

Payoff Function Vote Rule Strict Preference Veto Power Voter Preference 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. 1.
    A. A. Vasin and V. V. Morozov, Game Theory and Mathematical Economic Models [in Russian], MAKS Press, Moscow (2005).Google Scholar
  2. 2.
    E. Moulin, Game Theory with Examples from Mathematical Economics [Russian translation], Mir, Moscow (1985).Google Scholar
  3. 3.
    Yu. B. Germeier, Nonantagonistic Games [in Russian], Nauka, Moscow (1976).Google Scholar

Copyright information

© Springer Science+Business Media, Inc. 2009

Authors and Affiliations

  1. 1.Faculty of Computational Mathematics and CyberneticsMoscow State UniversityMoscowRussia

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