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We study competition between political parties in repeated elections with probabilistic voting, allowing a multidimensional policy space and multiple political parties. This model entails multiple equilibria. When parties hold different opinions on some policy, they may take different policy...
Persistent link: https://www.econbiz.de/10012584334
The increasing electoral success of populist radical-right parties poses a significant challenge to established political parties in Western democracies. While mainstream parties often maintain a policy of non-cooperation with these newcomers, such cordon sanitaire strategies can become...
Persistent link: https://www.econbiz.de/10015115033