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Mixed strategy equilibrium in a Downsian model with a favored candidate: A comment

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  • Xefteris, Dimitrios

Abstract

This note complements Aragonès and Palfrey (2002) [2] by providing upper and lower bounds of the equilibrium payoff of the advantaged (disadvantaged) candidate for any symmetric distribution of the median voterʼs ideal policy and any (even or odd) number of equidistant locations. These bounds point to a negative (positive) relationship between the equilibrium payoff of the (dis)advantaged candidate and the uncertainty regarding the median voterʼs preferences.

Suggested Citation

  • Xefteris, Dimitrios, 2012. "Mixed strategy equilibrium in a Downsian model with a favored candidate: A comment," Journal of Economic Theory, Elsevier, vol. 147(1), pages 393-396.
    • Handle: RePEc:eee:jetheo:v:147:y:2012:i:1:p:393-396
    DOI: 10.1016/j.jet.2011.11.008
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    1. Aragones, Enriqueta & Palfrey, Thomas R., 2002. "Mixed Equilibrium in a Downsian Model with a Favored Candidate," Journal of Economic Theory, Elsevier, vol. 103(1), pages 131-161, March.
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    Cited by:

    1. Daniel Cardona & Jenny Freitas & Antoni Rubí-Barceló, 2023. "Polarization and conflict among groups with heterogeneous members," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 61(1), pages 199-219, July.
    2. Fabian Gouret, 2021. "Empirical foundation of valence using Aldrich–McKelvey scaling," Review of Economic Design, Springer;Society for Economic Design, vol. 25(3), pages 177-226, September.
    3. Fabian Gouret & Stéphane Rossignol, 2019. "Intensity valence," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 53(1), pages 63-112, June.
    4. Xefteris, Dimitrios, 2012. "Spatial electoral competition with a probabilistically favored candidate," Economics Letters, Elsevier, vol. 116(1), pages 96-98.
    5. Dimitrios Xefteris, 2018. "Candidate valence in a spatial model with entry," Public Choice, Springer, vol. 176(3), pages 341-359, September.
    6. Xefteris, Dimitrios, 2013. "Equilibrium in a discrete Downsian model given a non-minimal valence advantage and linear loss functions," Mathematical Social Sciences, Elsevier, vol. 65(2), pages 150-153.
    7. Dimitrios Xefteris, 2014. "Mixed equilibriums in a three-candidate spatial model with candidate valence," Public Choice, Springer, vol. 158(1), pages 101-120, January.

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    More about this item

    Keywords

    Spatial competition; Mixed strategies; Candidate quality;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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