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On the nature of equilibria in a Downsian model with candidate valence

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  • Hummel, Patrick
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    Abstract

    I analyze mixed strategy equilibria in a Downsian model with two office-motivated candidates in which one candidate is endowed with a sufficiently large valence advantage that a voter might prefer this candidate even if the voter strictly prefers the other candidate's policies. There is a discrete one-dimensional policy space and the preferences of the median voter are uncertain. I show that there is a range of moderate policies with no gaps that are optimal for the advantaged candidate. There is also a range of liberal policies with no gaps and a corresponding range of conservative policies with no gaps that are optimal actions for the disadvantaged candidate. The upper and lower bounds on these ranges of policies vary in predictable ways with the size of the advantaged candidate's advantage.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0899-8256(10)00028-X
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    Article provided by Elsevier in its journal Games and Economic Behavior.

    Volume (Year): 70 (2010)
    Issue (Month): 2 (November)
    Pages: 425-445

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    Handle: RePEc:eee:gamebe:v:70:y:2010:i:2:p:425-445
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622836

    Keywords: Candidate valence Downsian model Mixed equilibrium Policy selection;

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    Cited by:

    1. Aragonès, Enriqueta & Xefteris, Dimitrios, 2012. "Candidate quality in a Downsian model with a continuous policy space," Games and Economic Behavior, Elsevier, vol. 75(2), pages 464-480.
    2. Hummel, Patrick, 2013. "Candidate strategies in primaries and general elections with candidates of heterogeneous quality," Games and Economic Behavior, Elsevier, vol. 78(C), pages 85-102.
    3. Drouvelis, Michalis & Saporiti, Alejandro & Vriend, Nicolaas J., 2014. "Political motivations and electoral competition: Equilibrium analysis and experimental evidence," Games and Economic Behavior, Elsevier, vol. 83(C), pages 86-115.
    4. James Adams & Samuel Merrill, 2013. "Policy-seeking candidates who value the valence attributes of the winner," Public Choice, Springer, vol. 155(1), pages 139-161, April.
    5. Enriqueta Aragonès & Dimitros Xefteris, 2015. "Voters’ Private Valuation of Candidates’ Quality," Working Papers 858, Barcelona Graduate School of Economics.
    6. Paul Redmond, 2017. "Incumbent-challenger and open-seat elections in a spatial model of political competition," Public Choice, Springer, vol. 170(1), pages 79-97, January.
    7. Laussel, Didier & Le Breton, Michel & Xefteris, Dimitrios, 2013. "Simple Centrifugal Incentives in Downsian Dynamics," IDEI Working Papers 778, Institut d'Économie Industrielle (IDEI), Toulouse.
    8. Marcin Dziubiński & Jaideep Roy, 2011. "Electoral competition in 2-dimensional ideology space with unidimensional commitment," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 36(1), pages 1-24, January.
    9. Honryo, Takakazu, 2013. "Signaling Competence in Elections," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 442, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    10. Casas, Agustin, 2013. "Partisan politics : parties, primaries and elections," UC3M Working papers. Economics we1315, Universidad Carlos III de Madrid. Departamento de Economía.
    11. Hummel, Patrick, 2012. "Deliberative democracy and electoral competition," Games and Economic Behavior, Elsevier, vol. 75(2), pages 646-667.
    12. Xefteris, Dimitrios, 2012. "Spatial electoral competition with a probabilistically favored candidate," Economics Letters, Elsevier, vol. 116(1), pages 96-98.
    13. Martin Gregor, 2013. "The Optimal Ballot Structure for Double-Member Districts," CERGE-EI Working Papers wp493, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    14. Dimitrios Xefteris, 2016. "Candidate valence in a spatial model with entry," University of Cyprus Working Papers in Economics 05-2016, University of Cyprus Department of Economics.

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