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In this paper we propose an electoral model that studies the interaction between the distribution of voters ideal policies and the success of dynastic politicians. Electoral success of politicians depends on their ability to implement better policies for the voters because campaign promises are...
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Forward induction, as defined by Govindan and Wilson (2009), places a local dominance condition on off-equilibrium path beliefs restricting relevant strategies for an equilibrium outcome to be infinitely more likely than irrelevant ones. Meanwhile, it places no global dominance restrictions and...
Persistent link: https://www.econbiz.de/10013008707