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Candidate location and endogenous valence

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Author Info
Zakharov Alexei ()
Abstract

This paper analyzes the effect that the ability of candidates to increase their valence has on candidate location in the Downsian model of elections. I show that if the candidates can increase valence at a cost after they have selected policy, then the candidates will select different policy platforms in order to avoid spending too much on valence. I then consider the factors that determine the degree of divergence, the amount spent on valence, and the location of the indifferent voter.

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Paper provided by EERC Research Network, Russia and CIS in its series EERC Working Paper Series with number 05-17e.

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Date of creation: 29 Dec 2005
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Handle: RePEc:eer:wpalle:05-17e

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Related research
Keywords: Russia valence policy divergence candidate equilibrium median voter

Find related papers by JEL classification:
D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior
D02 - Microeconomics - - General - - - Institutions: Design, Formation, and Operations

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References listed on IDEAS
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  14. Glazer, Amihai & Gradstein, Mark & Konrad, Kai A, 1998. "The Electoral Politics of Extreme Policies," Economic Journal, Royal Economic Society, vol. 108(451), pages 1677-85, November. [Downloadable!] (restricted)
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  15. Stephen Coate, 2001. "Political Competition with Campaign Contributions and Informative Advertising," NBER Working Papers 8693, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  16. Aragones, Enriqueta & Palfrey, Thomas R., 2002. "Mixed Equilibrium in a Downsian Model with a Favored Candidate," Journal of Economic Theory, Elsevier, vol. 103(1), pages 131-161, March. [Downloadable!] (restricted)
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  17. Nicolas Sahuguet & Nicola Persico, 2006. "Campaign spending regulation in a model of redistributive politics," Economic Theory, Springer, vol. 28(1), pages 95-124, 05. [Downloadable!] (restricted)
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  19. Alesina, Alberto, 1988. "Credibility and Policy Convergence in a Two-Party System with Rational Voters," American Economic Review, American Economic Association, vol. 78(4), pages 496-805, September.
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