Centrist's Curse? An Electoral Competition Model with Credibility Constraints
I analyze a model of electoral competition in which a candidate?s reputation and his need of cred- ibility restricts his policy choice to a certain subset of the policy space, its ideology set. Candidates are o¢ ce-motivated. They care about winning and also about the share of votes they get. I consider both two and three party systems. I describe the equilibrium outcomes assuming that plurality rule applies, and obtain for two party competition, in some cases, equilibrium outcomes di¤erent than what the median voter theorem suggests because of the restrictions on the ideology sets implied by the credibility constraints. I show that centrist parties are disadvantaged compared to leftist and rightist ones, since, in equilibrium, leftist and rightist parties choose policy points that are as close as possible to each other and obtain votes from the centrist parties?ideology set. A centrist candidate needs a higher concentration of voters in his credibility set compared to his opponents in order to have a chance to win. I also analyze a run-off system for three parties and show that centrist parties have more opportunities to win under this rule than under plurality rule.
|Date of creation:||23 Oct 2008|
|Date of revision:|
|Contact details of provider:|| Postal: Campus Universitario de Cartuja|
Web page: http://www.ugr.es/local/teoriahe
More information through EDIRC
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.:
- Callander, Steven, 1999. "Electoral Competition with Entry," Working Papers 1083, California Institute of Technology, Division of the Humanities and Social Sciences.
- 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.
- Enriqueta Aragonès & Thomas Palfrey & Andrew Postlewaite, 2007.
"Political Reputations and Campaign Promises,"
Journal of the European Economic Association,
MIT Press, vol. 5(4), pages 846-884, 06.
- Larry Samuelson, 1984. "Electoral equilibria with restricted strategies," Public Choice, Springer, vol. 43(3), pages 307-327, January.
- Casamatta, Georges & De Donder, Philippe, 2003.
"On the Influence of Extreme Parties in Electoral Competition with Policy-Motivated Candidates,"
IDEI Working Papers
161, Institut d'Économie Industrielle (IDEI), Toulouse.
- Georges Casamatta & Philippe Donder, 2005. "On the influence of extreme parties in electoral competition with policy-motivated candidates," Social Choice and Welfare, Springer, vol. 25(1), pages 1-29, October.
- Casamatta, Georges & De Donder, Philippe, 2003. "On the Influence of Extreme Parties in Electoral Competition with Policy-Motivated Candidates," CEPR Discussion Papers 3885, C.E.P.R. Discussion Papers.
- Martin J. Osborne, 1992.
"Candidate Positioning and Entry in a Political Competition,"
Department of Economics Working Papers
1992-02, McMaster University.
- Osborne Martin J., 1993. "Candidate Positioning and Entry in a Political Competition," Games and Economic Behavior, Elsevier, vol. 5(1), pages 133-151, January.
When requesting a correction, please mention this item's handle: RePEc:gra:wpaper:08/06. 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: (Angel Solano Garcia.)
If references are entirely missing, you can add them using this form.