Electoral equilibria with restricted strategies
We construct a spatial election model in which candidates inherit initial positions in the strategy space, presumably from previous political activity, and they are restricted to strategies close to their initial positions. We establish sufficient conditions for the existence of an equilibrium. The equilibrium need not entail an expectation of a zero plurality for each candidate. We then apply this model to a sequence of elections in which a series of opposition candidates challenge incumbents. Given certain regularity conditions, the result will be an apparent incumbency advantage, corresponding to that observed in recent congressional elections. Copyright Martinus Nijhoff Publishers 1984
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Volume (Year): 43 (1984)
Issue (Month): 3 (January)
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References listed on IDEAS
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- Hinich, Melvin J., 1977.
"Equilibrium in spatial voting: The median voter result is an artifact,"
Journal of Economic Theory,
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- Hinich, M., 1976. "Equilibrium in Spatial Voting: The Median Voter Result is an Artifact," Working Papers 119, California Institute of Technology, Division of the Humanities and Social Sciences.
- Gerald H. Kramer & Alvin K. Klevorick, 1974. "Existence of a "Local" Co-operative Equilibrium in a Class of Voting Games," Review of Economic Studies, Oxford University Press, vol. 41(4), pages 539-547.
- Michael D. Intriligator, 1973. "A Probabilistic Model of Social Choice," Review of Economic Studies, Oxford University Press, vol. 40(4), pages 553-560.
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- Coughlin, Peter & Nitzan, Shmuel, 1981. "Directional and local electoral equilibria with probabilistic voting," Journal of Economic Theory, Elsevier, vol. 24(2), pages 226-239, April.
- Steven Matthews, 1979.
"A simple direction model of electoral competition,"
Springer, vol. 34(2), pages 141-156, June.
- Cohen, Linda & Matthews, Steven A., .
"Constrained Plott Equilibria, Directional Equilibria, and Global Cycling Sets,"
178, California Institute of Technology, Division of the Humanities and Social Sciences.
- Linda Cohen & Steven Matthews, 1980. "Constrained Plott Equilibria, Directional Equilibria and Global Cycling Sets," Review of Economic Studies, Oxford University Press, vol. 47(5), pages 975-986.
- Coughlin, Peter & Nitzan, Shmuel, 1981. "Electoral outcomes with probabilistic voting and Nash social welfare maxima," Journal of Public Economics, Elsevier, vol. 15(1), pages 113-121, February.
- McKelvey, Richard D, 1975. "Policy Related Voting and Electoral Equilibrium," Econometrica, Econometric Society, vol. 43(5-6), pages 815-843, Sept.-Nov.
- Hinich, Melvin J. & Ledyard, John O. & Ordeshook, Peter C., 1972. "Nonvoting and the existence of equilibrium under majority rule," Journal of Economic Theory, Elsevier, vol. 4(2), pages 144-153, April.
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