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This article argues that democracy, as well as non-democratic regimes, share hierarchies as models of governance (conflict resolution mechanisms) in the process of building a modern contractual state. Game theory is used as a methodology to analyze the works of Hobbes and Machiavelli, defending that both proposals describe the same phenomenon but at different stages, with the objective of contributing to the explanation of the current crisis of democracy. To this end, a new model that integrates Von Neumann’s expected utility function with a variant of Selten’s discount rate to refine equilibria, is developed. It is * Facultad de Ciencias Políticas y Sociales de la Universidad Autónoma del Estado de México, México.

JUEGO DE REGÍMENES: LA CONSTRUCCIÓN DEL ESTADO MODERNO CONTRACTUAL DESDE LA PERSPECTIVA DE LA TEORÍA DE JUEGOS