We consider a model of (spatial) voting with endogenous timing. In line with actual political campaigns, candidates can decide endogenously when and where to locate. More specifically, we analyze endogenous timing in a two-period n-candidate spatial-voting game. We show that this game possesses a pure-strategy equilibrium (Osborne [1993]) but no - or only very complex - subgame-perfect equilibria. We demonstrate the latter point by analyzing the subgame-perfect equilibria in a three-candidate game. Our results show that allowing for endogenous timing can eliminate some of the more unappealing equilibrium characteristics of the standard model.
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Volume (Year): 162 (2006) Issue (Month): 4 (December) Pages: 557-570 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior R10 - Urban, Rural, and Regional Economics - - General Regional Economics - - - General
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