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Candidate valence in a spatial model with entry

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  • Dimitrios Xefteris

    () (University of Cyprus)

Abstract

Abstract This paper studies electoral competition between two purely office-motivated and heterogeneous (in terms of valence) established candidates when the entry of a lesser-valence third candidate is anticipated. In this model, when the valence asymmetries among candidates are not very large, an essentially unique equilibrium always exists and it is such that: (a) the two established candidates employ pure strategies, (b) the high-valence established candidate offers a more moderate platform than the low-valence established candidate, (c) the entrant locates between the two established candidates and nearer to the established high-valence candidate and, surprisingly, (d) both established candidates receive equal vote-shares.

Suggested Citation

  • Dimitrios Xefteris, 2018. "Candidate valence in a spatial model with entry," Public Choice, Springer, vol. 176(3), pages 341-359, September.
  • Handle: RePEc:kap:pubcho:v:176:y:2018:i:3:d:10.1007_s11127-018-0549-x
    DOI: 10.1007/s11127-018-0549-x
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    Cited by:

    1. Tsakas, Nikolas & Xefteris, Dimitrios, 2018. "Electoral competition with third party entry in the lab," Journal of Economic Behavior & Organization, Elsevier, vol. 148(C), pages 121-134.

    More about this item

    Keywords

    Electoral competition; Entry; Candidate valence; Spatial model;

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • H1 - Public Economics - - Structure and Scope of Government

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