The Effect of Candidate Quality on Electoral Equilibrium: An Experimental Study
When two candidates of different quality compete in a one dimensional policy space, the equilibrium outcomes are asymmetric and do not correspond to the median. There are three main effects. First, the better candidate adopts more centrist policies than the worse candidate. Second, the equilibrium is statistical, in the sense that it predicts a probability distribution of outcomes rather than a single degenerate outcome. Third, the equilibrium varies systematically with the level of uncertainty about the location of the median voter. We test these three predictions using laboratory experiments, and find strong support for all three. We also observe some biases and show that they can be explained by Quantal Response Equilibrium.
(This abstract was borrowed from another version of this item.)
|Date of creation:||Jun 2002|
|Date of revision:|
|Publication status:||published in American Political Science Review, 98(1) 77-90, Feb. 2004|
|Contact details of provider:|| Postal: |
Phone: 626 395-4065
Fax: 626 405-9841
Web page: http://www.hss.caltech.edu/ss
|Order Information:|| Postal: Working Paper Assistant, Division of the Humanities and Social Sciences, 228-77, Caltech, Pasadena CA 91125|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jacob K Goeree & Charles A Holt, 2004.
"Ten Little Treasures of Game Theory and Ten Intuitive Contradictions,"
Levine's Working Paper Archive
618897000000000900, David K. Levine.
- Jacob K. Goeree & Charles A. Holt, 2001. "Ten Little Treasures of Game Theory and Ten Intuitive Contradictions," American Economic Review, American Economic Association, vol. 91(5), pages 1402-1422, December.
- Jacob K. Goeree & Charles A. Holt, 2000. "Ten Little Treasures of Game Theory and Ten Intuitive Contradictions," Virginia Economics Online Papers 333, University of Virginia, Department of Economics.
- Aragones, Enriqueta & Palfrey, Thomas R., 2002.
"Mixed Equilibrium in a Downsian Model with a Favored Candidate,"
Journal of Economic Theory,
Elsevier, vol. 103(1), pages 131-161, March.
- Aragones, Enriqueta & Palfrey, Thomas. R., 2000. "Mixed Equilibrium in a Downsian Model With a Favored Candidate," Working Papers 1102, California Institute of Technology, Division of the Humanities and Social Sciences.
- Enriqueta Aragonés & Thomas R. Palfrey, 2000. "Mixed equilibrium in a Downsian model with a favored candidate," Economics Working Papers 502, Department of Economics and Business, Universitat Pompeu Fabra.
- Ansolabehere, Stephen & Snyder, James M, Jr, 2000. " Valence Politics and Equilibrium in Spatial Election Models," Public Choice, Springer, vol. 103(3-4), pages 327-36, June.
- McKelvey Richard D. & Palfrey Thomas R., 1995. "Quantal Response Equilibria for Normal Form Games," Games and Economic Behavior, Elsevier, vol. 10(1), pages 6-38, July.
- Richard D. Mckelvey & Thomas R. Palfrey, 1996. "A Statistical Theory Of Equilibrium In Games," The Japanese Economic Review, Japanese Economic Association, vol. 47(2), pages 186-209, 06.
When requesting a correction, please mention this item's handle: RePEc:clt:sswopa:1138. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victoria Mason)
If references are entirely missing, you can add them using this form.