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Downsian competition in the absence of a Condorcet winner

Author

Listed:
  • Roine, Jesper

    () (Dept. of Economics, Stockholm School of Economics)

Abstract

This paper studies studies two-party electoral competition in a setting where no policy is unbeatable. It is shown that if parties take turns in choosing platforms and observe each other's choises, altering one's platform so as to win is pointless since the other party never accepts an outcome where it is sure to loose. If there is any cost to changing platform, the prediction is that the game ends in the first period with the parties converging on whatever platform the incumbent chooses. If, however, there is a slight chance of a small mistake, the incumbent does best in choosing a local equilibrium platform. This suggest that local equilibrium policies can be the predicted outcome even if the voting process is not myopic in any way.

Suggested Citation

  • Roine, Jesper, 2003. "Downsian competition in the absence of a Condorcet winner," SSE/EFI Working Paper Series in Economics and Finance 528, Stockholm School of Economics.
  • Handle: RePEc:hhs:hastef:0528
    as

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    File URL: http://swopec.hhs.se/hastef/papers/hastef0528.pdf
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    References listed on IDEAS

    as
    1. Rubinstein, Ariel, 1982. "Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 50(1), pages 97-109, January.
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    5. Epple, Dennis & Romano, Richard E, 1996. "Public Provision of Private Goods," Journal of Political Economy, University of Chicago Press, vol. 104(1), pages 57-84, February.
    6. Kramer, Gerald H., 1977. "A dynamical model of political equilibrium," Journal of Economic Theory, Elsevier, vol. 16(2), pages 310-334, December.
    7. Epple, Dennis & Romano, Richard E., 1996. "Ends against the middle: Determining public service provision when there are private alternatives," Journal of Public Economics, Elsevier, vol. 62(3), pages 297-325, November.
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    9. repec:cup:apsrev:v:90:y:1996:i:02:p:316-330_20 is not listed on IDEAS
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    More about this item

    Keywords

    Voting; Downsian competition; Local equilibrium; Spatial trembles;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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