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We show that preferences-bias towards overprovision or underprovision can explain the asymmetric location of electoral candidates with respect to the median voter. We analyze the determinants of preferences off-the-peak and find that: (i) The sign of the third derivative of the policy-induced...
Persistent link: https://www.econbiz.de/10008555863
We introduce two natural types of asymmetric single-peaked preferences, which we name biased-above and biased-below, depending on whether the asymmetry (or preference-bias) favors alternatives above or below the peak. We define a rich family of utility functions, the generalized distance-metric...
Persistent link: https://www.econbiz.de/10008800450
Persistent link: https://www.econbiz.de/10005810996