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Probabilistic voting equilibria under nonlinear candidate payoffs

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  • Alexei Zakharov

Abstract

The ‘mean voter theorem’ implies that candidates should choose identical policy positions in a two-candidate race if voting is probabilistic. This result is in fact an artifact of the assumption that the candidates maximize expected vote share or probability of win, which is not true for many real-world elections. In this paper I analyze a probabilistic voting model in which the candidates have preferences other than the maximization of the expected number of votes or the probability of win maximization. I derive the comparative statics for two voters and one-dimensional policy space. Each voter cares about both the policy platform and the identity of the candidate. It is shown that an increase in the value of exactly one vote causes each candidate to choose a position closer to that of its partisan voter. Numeric computation of equilibria show that these results can be generalized to three or more voters. The results imply that the nonlinearity and non-symmetry of payoffs can affect the policy positions of the candidates.

Suggested Citation

  • Alexei Zakharov, 2012. "Probabilistic voting equilibria under nonlinear candidate payoffs," Journal of Theoretical Politics, , vol. 24(2), pages 235-247, April.
    • Handle: RePEc:sae:jothpo:v:24:y:2012:i:2:p:235-247
    DOI: 10.1177/0951629811423122
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    References listed on IDEAS

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    Cited by:

    1. Krasa, Stefan & Polborn, Mattias K., 2012. "Political competition between differentiated candidates," Games and Economic Behavior, Elsevier, vol. 76(1), pages 249-271.
    2. Sorokin, Constantine & Zakharov, Alexei, 2018. "Vote-motivated candidates," Journal of Economic Theory, Elsevier, vol. 176(C), pages 232-254.
    3. Alexei Zakharov & Constantine Sorokin, 2014. "Policy convergence in a two-candidate probabilistic voting model," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 43(2), pages 429-446, August.
    4. Kamada, Yuichiro & Kojima, Fuhito, 2013. "The equivalence between costly and probabilistic voting models," Games and Economic Behavior, Elsevier, vol. 80(C), pages 179-185.

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