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Candidate location and endogenous valence

Listed author(s):
  • Zakharov Alexei

    ()

This paper analyzes the effect that the ability of candidates to increase their valence has on candidate location in the Downsian model of elections. I show that if the candidates can increase valence at a cost after they have selected policy, then the candidates will select different policy platforms in order to avoid spending too much on valence. I then consider the factors that determine the degree of divergence, the amount spent on valence, and the location of the indifferent voter.

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Paper provided by EERC Research Network, Russia and CIS in its series EERC Working Paper Series with number 05-17e.

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Date of creation: 29 Dec 2005
Handle: RePEc:eer:wpalle:05-17e
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  1. Hay, D A, 1976. "Sequential Entry and Entry-Deterring Strategies in Spatial Competition," Oxford Economic Papers, Oxford University Press, vol. 28(2), pages 240-257, July.
  2. David Austen-Smith, 1987. "Interest groups, campaign contributions, and probabilistic voting," Public Choice, Springer, vol. 54(2), pages 123-139, January.
  3. 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.
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  9. B.Curtis Eaton & Richard G. Lipsey, 1972. "The Principle of Minimum Differentiation Reconsidered: Some New Developments in the Theory of Spatial Competition," Working Papers 87, Queen's University, Department of Economics.
  10. McKelvey, Richard D, 1979. "General Conditions for Global Intransitivities in Formal Voting Models," Econometrica, Econometric Society, vol. 47(5), pages 1085-1112, September.
  11. Glazer, Amihai & Gradstein, Mark & Konrad, Kai A, 1998. "The Electoral Politics of Extreme Policies," Economic Journal, Royal Economic Society, vol. 108(451), pages 1677-1685, November.
  12. Stephen Coate, 2001. "Political Competition with Campaign Contributions and Informative Advertising," NBER Working Papers 8693, National Bureau of Economic Research, Inc.
  13. Wittman, Donald, 1977. "Candidates with policy preferences: A dynamic model," Journal of Economic Theory, Elsevier, vol. 14(1), pages 180-189, February.
  14. Faulí-Oller, Ramon & Ok, Efe A & Ortuño-Ortín, Ignacio, 2001. "Delegation and Polarization of Platforms in Political Competition," CEPR Discussion Papers 2799, C.E.P.R. Discussion Papers.
  15. Martin J. Osborne & Al Slivinski, 1996. "A Model of Political Competition with Citizen-Candidates," The Quarterly Journal of Economics, Oxford University Press, vol. 111(1), pages 65-96.
  16. Timothy Besley & Stephen Coate, 2001. "Lobbying and Welfare in a Representative Democracy," Review of Economic Studies, Oxford University Press, vol. 68(1), pages 67-82.
  17. Thomas R. Palfrey, 1984. "Spatial Equilibrium with Entry," Review of Economic Studies, Oxford University Press, vol. 51(1), pages 139-156.
  18. Tim Besley & Stephen Coate, "undated". ""An Economic Model of Representative Democracy''," CARESS Working Papres 95-02, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
  19. Harrington, Joseph Jr. & Hess, Gregory D., 1996. "A Spatial Theory of Positive and Negative Campaigning," Games and Economic Behavior, Elsevier, vol. 17(2), pages 209-229, December.
  20. Shlomo Weber, 1992. "On Hierarchical Spatial Competition," Review of Economic Studies, Oxford University Press, vol. 59(2), pages 407-425.
  21. David P. Baron, 1989. "Service-Induced Campaign Contributions and the Electoral Equilibrium," The Quarterly Journal of Economics, Oxford University Press, vol. 104(1), pages 45-72.
  22. Alesina, Alberto, 1988. "Credibility and Policy Convergence in a Two-Party System with Rational Voters," American Economic Review, American Economic Association, vol. 78(4), pages 796-805, September.
  23. Lin, Tse-Min & Enelow, James M & Dorussen, Han, 1999. "Equilibrium in Multicandidate Probabilistic Spatial Voting," Public Choice, Springer, vol. 98(1-2), pages 59-82, January.
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