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Three-Candidate Competition When Candidates Have Valence: Stochastic Voting

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Author Info

  • Evrenk, Haldun

    ()
    (Suffolk University, Economics)

  • Kha, Dmitriy

    ()
    (Suffolk University, Economics)

Abstract

We study the effects of stochastic (probabilistic) voting on equilibrium locations, equilibrium vote shares and comparative statics in a setup with three heterogenous candidates and a single-dimensional issue space. Comparing the equilibria with and without stochastic voting, we find that under an appropriate level of uncertainty about voter behavior, the model has a pure strategy Nash Equilibrium (PSNE) that is free from several non-plausible features of the PSNE under deterministic voting. The results are robust to extensions to asymmetric density and plurality maximization.

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Bibliographic Info

Paper provided by Suffolk University, Department of Economics in its series Working Papers with number 2010-2.

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Length: 24 pages
Date of creation: 02 Feb 2010
Date of revision:
Handle: RePEc:suf:wpaper:2010-2

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Web page: http://www.suffolk.edu/college/2175.html
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Related research

Keywords: Probabilistic voting; valence; three-candidate competition; centripetal incentives;

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Cited by:
  1. Evrenk, Haldun, 2010. "Three-Candidate Spatial Competition When Candidates Have Valence: Asymmetric Voter Density and Plurality Maximization," Working Papers 2010-1, Suffolk University, Department of Economics.
  2. Haldun Evrenk & Dmitriy Kha, 2011. "Three-candidate spatial competition when candidates have valence: stochastic voting," Public Choice, Springer, vol. 147(3), pages 421-438, June.

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