IDEAS home Printed from https://ideas.repec.org/a/bla/jpbect/v21y2019i2p219-240.html
   My bibliography  Save this article

Nash equilibrium and party polarization in an electoral model with mixed motivations

Author

Listed:
  • Shino Takayama
  • Yuki Tamura
  • Terence Yeo

Abstract

We study the existence problem of Nash equilibrium as well as the patterns of equilibrium policy outcomes in an electoral competition model with mixed motivations. Each party maximizes a sum of party members’ expected utility and office rent. The inclusion of office rent renders the payoff of each party discontinuous. This makes it difficult to apply usually fixed point arguments to prove the existence of Nash equilibria. By using a recently developed concept, multiple restrictional security (MR‐security) we provide conditions under which a pure‐strategy Nash equilibrium exists within fairly general settings, and further the analysis by presenting conditions under which various patterns of policy choices, including polarization, arise in equilibrium.

Suggested Citation

  • Shino Takayama & Yuki Tamura & Terence Yeo, 2019. "Nash equilibrium and party polarization in an electoral model with mixed motivations," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 21(2), pages 219-240, April.
    • Handle: RePEc:bla:jpbect:v:21:y:2019:i:2:p:219-240
    DOI: 10.1111/jpet.12360
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/jpet.12360
    Download Restriction: no
    File URL: https://libkey.io/10.1111/jpet.12360?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Raghul S. Venkatesh, 2020. "Political activism and polarization," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(5), pages 1530-1558, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jpbect:v:21:y:2019:i:2:p:219-240. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/apettea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.