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On Hierarchical Spatial Competition

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  • Weber, Shlomo
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    Abstract

    In this paper, the author considers a hierarchical model of spatial electoral competition with two dominant players (incumbents) and one entrant. The incumbents engage in a noncooperative game against each other and act as Stackelberg leaders with respect to a vote-maximizing entrant. The author proves that the equilibrium of this game, called a hierarchical equilibrium, exists and is unique for an arbitrary single-peaked distribution of voters' ideal points. Moreover, the author fully characterizes the set of equilibrium strategies and shows its equivalence to the set of strategies generated by a perfect-foresight equilibrium. Copyright 1992 by The Review of Economic Studies Limited.

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    Bibliographic Info

    Article provided by Wiley Blackwell in its journal Review of Economic Studies.

    Volume (Year): 59 (1992)
    Issue (Month): 2 (April)
    Pages: 407-25

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    Handle: RePEc:bla:restud:v:59:y:1992:i:2:p:407-25

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    Cited by:
    1. Takaki, Masaya & Matsubayashi, Nobuo, 2013. "Sequential multi-store location in a duopoly," Regional Science and Urban Economics, Elsevier, vol. 43(3), pages 491-506.
    2. Arnaud Dellis & Mandar Oak, 2007. "Policy convergence under approval and plurality voting: the role of policy commitment," Social Choice and Welfare, Springer, vol. 29(2), pages 229-245, September.
    3. Arnaud Dellis, 2013. "The two-party system under alternative voting procedures," Social Choice and Welfare, Springer, vol. 40(1), pages 263-284, January.
    4. Geoffrey Brennan & Alan Hamlin, 1998. "Expressive voting and electoral equilibrium," Public Choice, Springer, vol. 95(1), pages 149-175, April.
    5. Lutz, Stefan, 1996. "Vertical Product Differentiation and Entry Deterrence," CEPR Discussion Papers 1455, C.E.P.R. Discussion Papers.
    6. Eiselt, H. A. & Laporte, Gilbert, 1997. "Sequential location problems," European Journal of Operational Research, Elsevier, vol. 96(2), pages 217-231, January.
    7. K. Terai, 2003. "Electoral alliance and implemented redistribution: an interpretation on non-competitive politics of Japan," Applied Economics Letters, Taylor & Francis Journals, vol. 10(4), pages 235-238.
    8. Osborne, Martin J., 2000. "Entry-deterring policy differentiation by electoral candidates," Mathematical Social Sciences, Elsevier, vol. 40(1), pages 41-62, July.
    9. Dellis, Arnaud, 2009. "Would letting people vote for multiple candidates yield policy moderation?," Journal of Economic Theory, Elsevier, vol. 144(2), pages 772-801, March.
    10. Le Breton, Michel & Weber, Shlomo, 2003. "The Art of Making Everybody Happy : How to Prevent a Secession," IDEI Working Papers 164, Institut d'Économie Industrielle (IDEI), Toulouse.
    11. Haimanko, Ori & Le Breton, Michel & Weber, Shlomo, 2005. "Transfers in a polarized country: bridging the gap between efficiency and stability," Journal of Public Economics, Elsevier, vol. 89(7), pages 1277-1303, July.
    12. Michel Le Breton & Shlomo Weber, 2001. "The Art of Making Everybody Happy," IMF Working Papers 01/176, International Monetary Fund.

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