Indeterminacy of Citizen-Candidate Equilibrium

In a citizen candidate equilibrium, there are n candidates each of whom announces a policy in a policy space of dimension d. Thus the policy equilibrium lives in a space of dimension nd. We show, in a canonical example, that the equilibrium manifold is generically of dimension nd. In particular, the set of equilibria contains an open set in T^n .

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Year of publication:	2003-03
Authors:	Roemer, John E.
Institutions:	Cowles Foundation for Research in Economics, Yale University
Subject:	Citizen-candidate equilibrium \| Political equilibrium

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The price is None Number 1410 9 pages
Classification:	D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005762628