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Multiple Equilibria in the Citizen-Candidate Model of Representative Democracy

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Author Info
 Dhillon, Amrita
Lockwood, Ben

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Abstract

The Besley-Coate model of representative democracy has the problem of multiple equilibria (Besley-Coate 1997). We show that requiring the Besley-Coate political equilibria to be iteratively undominated at the voting stage refines the set of (pure strategy) political equilibrium outcomes only for those cases where at least four candidates stand for election. This note complements the results of De Sinopoli and Turrini (1999). Copyright 2002 by Blackwell Publishing Inc.

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Article provided by Association for Public Economic Theory in its journal Journal of Public Economic Theory.

Volume (Year): 4 (2002)
Issue (Month): 2 ()
Pages: 171-84
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Handle: RePEc:bla:jpbect:v:4:y:2002:i:2:p:171-84

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  1. John Duggan & Yoji Sekiya, 2008. "Voting Equilibria in Multi-candidate Elections," Wallis Working Papers WP52, University of Rochester - Wallis Institute of Political Economy. [Downloadable!]
  2. Francesco De Sinopoli, 2003. "A Note on Forward Induction in a Model of Representative Democracy," CEIS Research Paper 21, Tor Vergata University, CEIS. [Downloadable!]
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This page was last updated on 2009-12-19.

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