A Model Of Endogenous Political Party Platforms
AbstractWe develop a model of endogenous party platform formation in a multidimensional policy space. Party platforms depend on the composition of the parties? primary electorate. The overall social outcome is taken to be a weighted average of party platforms and individuals vote strategically. Equilibrium is defined to obtain when no group of voters can shift the social outcome in its favor by deviating and the party platforms are consistent with their electorate. We provide sufficient conditions for existence and study the robustness properties of the sorting equilibria.
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Bibliographic InfoPaper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 2003-12.
Length: 29 pages
Date of creation: Mar 2003
Date of revision:
Publication status: Published by Ivie
Political Economy; Endogenous Party Formation; Multimensional Space.;
Other versions of this item:
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
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