Gersbach, Hans; Muller, Philippe; Tejada, Oriol - 2015
welfare and the lowest polarization levels. We apply our model to the design of optimal re-election hurdles. In particular, we … show that raising the vote-share needed for re-election above 50% weakly reduces policy polarization and tends to increase … welfare. Furthermore, we identify circumstances where the optimal re-election hurdle is strictly larger than 50%. …