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Mixed strategy equilibrium in a Downsian model with a favored candidate: A comment

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  • Xefteris, Dimitrios

Abstract

This note complements Aragonès and Palfrey (2002) [2] by providing upper and lower bounds of the equilibrium payoff of the advantaged (disadvantaged) candidate for any symmetric distribution of the median voterʼs ideal policy and any (even or odd) number of equidistant locations. These bounds point to a negative (positive) relationship between the equilibrium payoff of the (dis)advantaged candidate and the uncertainty regarding the median voterʼs preferences.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 147 (2012)
Issue (Month): 1 ()
Pages: 393-396

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Handle: RePEc:eee:jetheo:v:147:y:2012:i:1:p:393-396

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Web page: http://www.elsevier.com/locate/inca/622869

Related research

Keywords: Spatial competition; Mixed strategies; Candidate quality;

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Cited by:
  1. Dimitrios Xefteris, 2014. "Mixed equilibriums in a three-candidate spatial model with candidate valence," Public Choice, Springer, vol. 158(1), pages 101-120, January.
  2. Xefteris, Dimitrios, 2013. "Equilibrium in a discrete Downsian model given a non-minimal valence advantage and linear loss functions," Mathematical Social Sciences, Elsevier, vol. 65(2), pages 150-153.
  3. Xefteris, Dimitrios, 2012. "Spatial electoral competition with a probabilistically favored candidate," Economics Letters, Elsevier, vol. 116(1), pages 96-98.

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