Candidate Positioning and Entry in a Political Competition
I first show that if there are more than two potential candidates in the Hotelling- Downs model of the simultaneous choice of positions by politicians then an equilibrium fails to exist in a wide range of situations. Subsequently I study a temporal model in which candidates are free to act whenever they wish. For the case of three potential candidates I nd that in every equilibrium exactly one candidate enters. There is always an equilibrium in which the position cho- sen by the entrant is the median: the only other possibility is that the position chosen is far from the median.
|Date of creation:||Feb 1992|
|Contact details of provider:|| Postal: 1280 Main Street West, Hamilton, Ontario, L8S 4M4|
Phone: (905) 525-9140 ext. 22765
Fax: (905) 521-8232
Web page: http://www.economics.mcmaster.ca/
More information through EDIRC
References listed on IDEAS
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.:
- B. Curtis Eaton & Richard G. Lipsey, 1975.
"The Principle of Minimum Differentiation Reconsidered: Some New Developments in the Theory of Spatial Competition,"
Review of Economic Studies,
Oxford University Press, vol. 42(1), pages 27-49.
- 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.
- Thomas R. Palfrey, 1984. "Spatial Equilibrium with Entry," Review of Economic Studies, Oxford University Press, vol. 51(1), pages 139-156. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:mcm:deptwp:1992-02. 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: ()
If references are entirely missing, you can add them using this form.