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Dynamic Analysis of an Electoral Campaign

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  • L. Lambertini

Abstract

I analyse two differential games describing electoral campaigns where two candidates invest so as to increase the number of their respective voters. In both cases, parties overinvest and the number of voters is larger than in the social optimum. I extended both models to n candidates, so as to derive the socially optimal number of candidates. This yields non-univocal results, in that the number of candidates maximizing social welfare when a benevolent planner controls their efforts may be higher or lower than the optimal number of candidates given the non-cooperative investment behavior of parties, according to the shape of cost functions and he dynamic behavior of consensus associated with investment.

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  • L. Lambertini, 2001. "Dynamic Analysis of an Electoral Campaign," Working Papers 415, Dipartimento Scienze Economiche, Universita' di Bologna.
    • Handle: RePEc:bol:bodewp:415
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    Cited by:

    1. Manjhi, Ganesh & Mehra, Meeta Keswani, 2017. "Dynamics of the Economics of Special Interest Politics," Working Papers 17/206, National Institute of Public Finance and Policy.
    2. Ganesh Manjhi & Meeta Keswani Mehra, 2019. "A Dynamic Analysis of Special Interest Politics and Electoral Competition," Dynamic Games and Applications, Springer, vol. 9(1), pages 142-164, March.
    3. Fouad El Ouardighi & Eugene Khmelnitsky & Suresh P. Sethi, 2022. "Epidemic control with endogenous treatment capability under popular discontent and social fatigue," Production and Operations Management, Production and Operations Management Society, vol. 31(4), pages 1734-1752, April.

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