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In this paper we study a model of political competition where citizens vote sincerely and candidates may be either citizens or Downsian politicians. The model extends the citizen-candidate model proposed by Osborne and Slivinski [1996] by including Downsian politicians similar to those studied...
Persistent link: https://www.econbiz.de/10011165334
In the citizen-candidate approach each citizen chooses whether or not to run as candidate. In this paper we find that the strategic entry-exit decision of the candidates eliminates one of the most undesirable properties of Plurality rule, namely to elect a poor candidate in three-candidate...
Persistent link: https://www.econbiz.de/10005063188
We prove that for generic plurality games with positive cost of voting, the number of Nash equilibria is finite. Furthermore all the equilibria are regular, hence stable sets as singletons.
Persistent link: https://www.econbiz.de/10005695015