A Model of Political Competition with Citizen-Candidates
We develop a model of electoral competition in which citizens choose whether or not to run as candidates; a winner implements her favorite policy. The equilibrium number of candidates depends negatively on the cost of run ning and positively on the bene ts of winning. For some parameter values all equilibria under plurality rule have exactly two candidates, whose positions are distinct. Two candidate elections are more likely under plurality rule than under a runoff system. There exists equilibria under both systems in which some candidates have no chance of winning.
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- Osborne Martin J., 1993.
"Candidate Positioning and Entry in a Political Competition,"
Games and Economic Behavior,
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- Tim Besley & Stephen Coate, "undated". "An Economic Model of Representative Democracy," Penn CARESS Working Papers ecf70d639d700dba5327ab0c8, Penn Economics Department.
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- Tabellini, Guido & Alesina, Alberto, 1990. "Voting on the Budget Deficit," Scholarly Articles 4553030, Harvard University Department of Economics.
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- Kenneth Rogoff, 1987. "Equilibrium Political Budget Cycles," NBER Working Papers 2428, National Bureau of Economic Research, Inc.
- Thomas R. Palfrey, 1984. "Spatial Equilibrium with Entry," Review of Economic Studies, Oxford University Press, vol. 51(1), pages 139-156.
- Wittman, Donald, 1977. "Candidates with policy preferences: A dynamic model," Journal of Economic Theory, Elsevier, vol. 14(1), pages 180-189, February.
- 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. Full references (including those not matched with items on IDEAS)
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