A general probabilistic spatial theory of elections
In this paper, we construct a general probabilistic spatial theory of elections and examine sufficient conditions for equilibrium in two-candidate contests with expected vote-maximizing candidates. Given strict concavity of the candidate objective function, a unique equilibrium exists and the candidates adopt the same set of policy positions. Prospective uncertainty, reduced policy salience, degree of concavity of voter utility functions, some degree of centrality in the feasible set of policy locations, and restrictions on the dimensionality of the policy space are all stabilizing factors in two-candidate elections. Copyright Kluwer Academic Publishers 1989
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- 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.
- Assar Lindbeck & Jörgen Weibull, 1987. "Balanced-budget redistribution as the outcome of political competition," Public Choice, Springer, vol. 52(3), pages 273-297, January.
- Gordon Tullock, 1981. "Why so much stability," Public Choice, Springer, vol. 37(2), pages 189-204, January.
- Peter Coughlin, 1986. "Elections and income redistribution," Public Choice, Springer, vol. 50(1), pages 27-91, January.
- Schofield, Norman, 1978. "Instability of Simple Dynamic Games," Review of Economic Studies, Wiley Blackwell, vol. 45(3), pages 575-94, October.
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