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Indeterminacy of Citizen-candidate Equilibrium

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  • John E. Roemer

    ()
    (Yale University)

Abstract

In a citizen candidate equilibrium, there are n candidates each of whom announces a policy in a policy space of dimension d. Thus the policy equilibrium lives in a space of dimension nd. We show, in a canonical example, that the equilibrium manifold is generically of dimension nd. In particular, the set of equilibria contains an open set in T^n.

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Bibliographic Info

Paper provided by Yale School of Management in its series Yale School of Management Working Papers with number ysm350.

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Date of creation: 28 Jul 2004
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Handle: RePEc:ysm:somwrk:ysm350

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Web page: http://icf.som.yale.edu/
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Keywords: Citizen-candidate Equilibrium; Political Equilibrium;

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Cited by:
  1. R. Emre Aytimur & Aristotelis Boukouras & Robert Schwager, 2012. "The Citizen-Candidate Model with Imperfect Policy Control," CESifo Working Paper Series 3900, CESifo Group Munich.

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