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On the nature of equilibria in a Downsian model with candidate valence

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  • Hummel, Patrick
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    Abstract

    I analyze mixed strategy equilibria in a Downsian model with two office-motivated candidates in which one candidate is endowed with a sufficiently large valence advantage that a voter might prefer this candidate even if the voter strictly prefers the other candidate's policies. There is a discrete one-dimensional policy space and the preferences of the median voter are uncertain. I show that there is a range of moderate policies with no gaps that are optimal for the advantaged candidate. There is also a range of liberal policies with no gaps and a corresponding range of conservative policies with no gaps that are optimal actions for the disadvantaged candidate. The upper and lower bounds on these ranges of policies vary in predictable ways with the size of the advantaged candidate's advantage.

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    Bibliographic Info

    Article provided by Elsevier in its journal Games and Economic Behavior.

    Volume (Year): 70 (2010)
    Issue (Month): 2 (November)
    Pages: 425-445

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    Handle: RePEc:eee:gamebe:v:70:y:2010:i:2:p:425-445

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    Web page: http://www.elsevier.com/locate/inca/622836

    Related research

    Keywords: Candidate valence Downsian model Mixed equilibrium Policy selection;

    References

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    Cited by:
    1. Michalis Drouvelis & Alejandro Saporiti & Nicolaas J Vriend, 2011. "Political Motivations and Electoral Competition: Equilibrium Analysis and Experimental Evidence," Discussion Papers 11-15, Department of Economics, University of Birmingham.
    2. Enriqueta Aragonés & Dimitrios Xefteris, 2011. "Candidate quality in a Downsian Model with a Continuous Policy Space," Working Papers 529, Barcelona Graduate School of Economics.
    3. Martin Gregor, 2013. "The Optimal Ballot Structure for Double-Member Districts," CERGE-EI Working Papers wp493, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
    4. Hummel, Patrick, 2012. "Deliberative democracy and electoral competition," Games and Economic Behavior, Elsevier, vol. 75(2), pages 646-667.
    5. Marcin Dziubiński & Jaideep Roy, 2011. "Electoral competition in 2-dimensional ideology space with unidimensional commitment," Social Choice and Welfare, Springer, vol. 36(1), pages 1-24, January.
    6. Xefteris, Dimitrios, 2012. "Spatial electoral competition with a probabilistically favored candidate," Economics Letters, Elsevier, vol. 116(1), pages 96-98.
    7. Honryo, Takakazu, 2013. "Signaling Competence in Elections," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 442, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    8. Agustín Casas, 2013. "Partisan politics : parties, primaries and elections," Economics Working Papers we1315, Universidad Carlos III, Departamento de Economía.
    9. James Adams & Samuel Merrill, 2013. "Policy-seeking candidates who value the valence attributes of the winner," Public Choice, Springer, vol. 155(1), pages 139-161, April.

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