Candidate Positioning and Entry in a Political Competition
I first show that if there are more than two potential candidates in the Hotelling-Downs model of the simultaneous choice of positions by politicians then an equilibrium fails to exist in a wide range of situations. Subsequently I study a temporal model in which candidates are free to act whenever they wish. For the case of three potential candidates I find that in every equilibrium exactly one candidate enters. There is always an equilibrium in which the position chosen by the entrant is the median; the only other possibility is that the position chosen is far from the median.
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- B. Curtis Eaton & Richard G. Lipsey, 1975.
"The Principle of Minimum Differentiation Reconsidered: Some New Developments in the Theory of Spatial Competition,"
Review of Economic Studies,
Oxford University Press, vol. 42(1), pages 27-49.
- B.Curtis Eaton & Richard G. Lipsey, 1972. "The Principle of Minimum Differentiation Reconsidered: Some New Developments in the Theory of Spatial Competition," Working Papers 87, Queen's University, Department of Economics.
- Thomas R. Palfrey, 1984. "Spatial Equilibrium with Entry," Review of Economic Studies, Oxford University Press, vol. 51(1), pages 139-156. Full references (including those not matched with items on IDEAS)
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