IDEAS home Printed from https://ideas.repec.org/p/ucy/cypeua/05-2016.html
   My bibliography  Save this paper

Candidate valence in a spatial model with entry

Author

Listed:
  • Dimitrios Xefteris

Abstract

This paper studies electoral competition between two purely office-motivated and heterogeneous (in terms of valence) established candidates when entry of a lower-valence third candidate is anticipated. In this model, when the valence asymmetries among candidates are not very large, there always exists an essentially unique pure strategy equilibrium and it is such that: a) the high valence established candidate offers a more moderate platform than the low valence established candidate, b) the entrant locates between the two established candidates and nearer to the high valence established candidate and, surprisingly, c) both established candidates receive equal vote-shares. We also show that the platforms that the two established candidates choose in this equilibrium constitute a local equilibrium in the extension of the game in which the third candidate is expected to enter the race with any non-degenerate probability.

Suggested Citation

  • Dimitrios Xefteris, 2016. "Candidate valence in a spatial model with entry," University of Cyprus Working Papers in Economics 05-2016, University of Cyprus Department of Economics.
  • Handle: RePEc:ucy:cypeua:05-2016
    as

    Download full text from publisher

    File URL: http://papers.econ.ucy.ac.cy/RePEc/papers/05-16.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Osborne Martin J., 1993. "Candidate Positioning and Entry in a Political Competition," Games and Economic Behavior, Elsevier, vol. 5(1), pages 133-151, January.
    2. 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.
    3. Pastine, Ivan & Pastine, Tuvana, 2012. "Incumbency advantage and political campaign spending limits," Journal of Public Economics, Elsevier, vol. 96(1), pages 20-32.
    4. Herrera, Helios & Levine, David K. & Martinelli, César, 2008. "Policy platforms, campaign spending and voter participation," Journal of Public Economics, Elsevier, vol. 92(3-4), pages 501-513, April.
    5. Stephen Ansolabehere & William Leblanc & James Snyder, 2012. "When parties are not teams: party positions in single-member district and proportional representation systems," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 49(3), pages 521-547, April.
    6. Sandro Brusco & Jaideep Roy, 2011. "Aggregate uncertainty in the citizen candidate model yields extremist parties," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 36(1), pages 83-104, January.
    7. Dan Kovenock & Michael R. Baye & Casper G. de Vries, 1996. "The all-pay auction with complete information (*)," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 8(2), pages 291-305.
    8. Arianna Degan, 2007. "Candidate Valence: Evidence From Consecutive Presidential Elections," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 48(2), pages 457-482, May.
    9. Alexei, Zakharov & Shapoval, Alexander & Weber, Shlomo, 2016. "Valence influence in electoral competition with rank objectives," CEPR Discussion Papers 11527, C.E.P.R. Discussion Papers.
    10. Alexei Zakharov, 2009. "A model of candidate location with endogenous valence," Public Choice, Springer, vol. 138(3), pages 347-366, March.
    11. Aragonès, Enriqueta & Xefteris, Dimitrios, 2012. "Candidate quality in a Downsian model with a continuous policy space," Games and Economic Behavior, Elsevier, vol. 75(2), pages 464-480.
    12. Dix, Manfred & Santore, Rudy, 2002. "Candidate ability and platform choice," Economics Letters, Elsevier, vol. 76(2), pages 189-194, July.
    13. Xefteris, Dimitrios, 2012. "Mixed strategy equilibrium in a Downsian model with a favored candidate: A comment," Journal of Economic Theory, Elsevier, vol. 147(1), pages 393-396.
    14. Simon Loertscher & Gerd Muehlheusser, 2011. "Sequential location games," RAND Journal of Economics, RAND Corporation, vol. 42(4), pages 639-663, December.
    15. repec:cup:apsrev:v:94:y:2000:i:03:p:595-609_22 is not listed on IDEAS
    16. Enriqueta Aragonès & Dimitrios Xefteris, 2017. "Imperfectly Informed Voters And Strategic Extremism," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 58, pages 439-471, May.
    17. Shaked, A, 1982. "Existence and Computation of Mixed Strategy Nash Equilibrium for 3-Firms Location Problem," Journal of Industrial Economics, Wiley Blackwell, vol. 31(1-2), pages 93-96, September.
    18. Collins, Richard & Sherstyuk, Katerina, 2000. "Spatial Competition with Three Firms: An Experimental Study," Economic Inquiry, Western Economic Association International, vol. 38(1), pages 73-94, January.
    19. Kwang-ho Kim, 2005. "Valence characteristics and entry of a third party," Economics Bulletin, AccessEcon, vol. 4(18), pages 1-9.
    20. repec:cup:apsrev:v:57:y:1963:i:02:p:368-377_24 is not listed on IDEAS
    21. Ansolabehere, Stephen & Snyder, James M, Jr, 2000. "Valence Politics and Equilibrium in Spatial Election Models," Public Choice, Springer, vol. 103(3-4), pages 327-336, June.
    22. Dimitrios Xefteris, 2014. "Mixed equilibriums in a three-candidate spatial model with candidate valence," Public Choice, Springer, vol. 158(1), pages 101-120, January.
    23. Hummel, Patrick, 2010. "On the nature of equilibria in a Downsian model with candidate valence," Games and Economic Behavior, Elsevier, vol. 70(2), pages 425-445, November.
    24. Ashworth, Scott & Bueno de Mesquita, Ethan, 2009. "Elections with platform and valence competition," Games and Economic Behavior, Elsevier, vol. 67(1), pages 191-216, September.
    25. Thomas R. Palfrey, 1984. "Spatial Equilibrium with Entry," Review of Economic Studies, Oxford University Press, vol. 51(1), pages 139-156.
    26. Haldun Evrenk & Dmitriy Kha, 2011. "Three-candidate spatial competition when candidates have valence: stochastic voting," Public Choice, Springer, vol. 147(3), pages 421-438, June.
    27. Navin Kartik & R. Preston McAfee, 2007. "Signaling Character in Electoral Competition," American Economic Review, American Economic Association, vol. 97(3), pages 852-870, June.
    28. Osborne, Martin J & Pitchik, Carolyn, 1986. "The Nature of Equilibrium in a Location Model," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 27(1), pages 223-237, February.
    29. Adams, James, 1999. "Policy Divergence in Multicandidate Probabilistic Spatial Voting," Public Choice, Springer, vol. 100(1-2), pages 103-122, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tsakas, Nikolas & Xefteris, Dimitrios, 2018. "Electoral competition with third party entry in the lab," Journal of Economic Behavior & Organization, Elsevier, vol. 148(C), pages 121-134.

    More about this item

    Keywords

    electoral competition; entry; candidate valence;

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • H1 - Public Economics - - Structure and Scope of Government

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucy:cypeua:05-2016. 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: (). General contact details of provider: http://www.ucy.ac.cy/econ/en .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.