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A robust feature of models of electoral competition between two opportunistic, purely office-motivated parties is that both parties become indistinguishable in equilibrium. I this short note, I show that this strong connection between the office motivation of parties and their equilibrium choice...
Persistent link: https://www.econbiz.de/10009312553
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Cerreia-Vioglio, Ghirardato, Maccheroni, Marinacci and Siniscalchi (Economic Theory, 48:341-375, 2011) have recently …-utility preferences are given. A novel proof methodology for special aggregation problems, based on model theory (in the sense of …
Persistent link: https://www.econbiz.de/10010187944
Cerreia-Vioglio, Ghirardato, Maccheroni, Marinacci and Siniscalchi (Economic Theory, 48:341-375, 2011) have recently …
Persistent link: https://www.econbiz.de/10010338890
The Condorcet Jury Theorem states that given subjective expected utility maximization and common values, the equilibrium probability that the correct candidate wins goes to one as the size of the electorate goes to infinity. This paper studies strategic voting when voters have pure common values...
Persistent link: https://www.econbiz.de/10011671890
optimal representation: the elected politician's platform is generally overly ambiguous. While our theory rationalizes a …
Persistent link: https://www.econbiz.de/10013012961
We study Downsian competition in a Mirrleesian model of income taxation. The competing politicians may differ in competence. If politicians engage in vote-share maximization, the less competent politician's policy proposals are attractive to the minority of rich agents, whereas those of the...
Persistent link: https://www.econbiz.de/10013115516
Interest groups are introduced in a spatial model of electoral competition between two political parties. We show that, by coordinating voting behavior, these interest groups increase the winning set, which is defined as the set of policy platforms for the challenger that will defeat the...
Persistent link: https://www.econbiz.de/10003965090
Persistent link: https://www.econbiz.de/10009159030
We consider alternative methods of measuring the competitiveness of a majoritarian electoral system in the context of an analysis of Indian State elections. Our analysis highlights a number of weaknesses in the construction and interpretation of commonly used measures such as the effective...
Persistent link: https://www.econbiz.de/10011898986