Generalizing Liquid Democracy to multi-agent delegation: A Voting Weight Measure and Equilibrium Analysis
Francisco M. Bersetche
TL;DR
This work addresses the lack of equilibria in classical liquid democracy by introducing a fractional, multi-agent delegation framework that penalizes long delegation chains. It develops a voting weight measure $V$ via a particle-system interpretation and a small-parameter penalty $\varepsilon>0\$, ensuring both the delegation properties and the existence of Nash equilibria in the delegation game, with a well-defined limiting case $V(P)=\lim_{\varepsilon\to0}V^{\varepsilon}(P)$. The authors prove key properties, including self-selection, conservation of total voting weight, and a generalization property aligning with the classic model on binary delegations, while guaranteeing equilibrium existence for $\varepsilon>0$ through fixed-point arguments. This framework supports stable, multi-agent delegation dynamics with computable voting weights, offering a rigorous path toward practical, scalable liquid democracy implementations that retain core democratic guarantees.
Abstract
In this study, we propose a generalization of the classic model of liquid democracy that allows fractional delegation of voting weight, while simultaneously allowing for the existence of equilibrium states. Our approach empowers agents to partition and delegate their votes to multiple representatives, all while retaining a fraction of the voting power for themselves. We introduce a penalty mechanism for the length of delegation chains. We discuss the desirable properties of a reasonable generalization of the classic model, and prove that smaller penalty factors bring the model closer to satisfying these properties. In the subsequent section, we explore the presence of equilibrium states in a general delegation game utilizing the proposed voting measure. In contrast to the classical model, we demonstrate that this game exhibits pure strategy Nash equilibria, contingent upon the imposition of a penalty on the length of delegation chains.
