Formal work on the electoral model often suggests that parties or candidates should locate themselves at the electoral mean. Recent research has found no evidence of such convergence. In order to explain non-convergence, the stochastic electoral model is extended by including estimates of...

Formal work on the electoral model often suggests that parties should locate at the electoral mean. Recent research has found no evidence of such convergence. In order to explain non-convergence, the stochastic electoral model is extended by including a competence and socio-demographic valance...

Formal work on the electoral model often suggests that parties or candidates should locate themselves at the electoral center (or origin). Recent research has found no evidence of such convergence. In order to explain non-convergence, the stochastic electoral model is extended by including...

This paper applies a stochastic electoral model to modeling elections in Poland in 1997, 2001 and 2005, in Georgia in 2008, and in Azerbaijan in 2010. We find that in Poland the valence differences are sufficiently large to force low valence parties or candidates to adopt divergent positions. We...

This paper surveys the results in general equilibrium theory based on dynamical models, and emphasizes the role of structural stability. In this context it is natural to consider a preference field H for the society, combining economic fields, associated with the preferred changes wrought by...

This paper surveys the results in general equilibrium theory based on dynamical models, and emphasizes the role of structural stability. In this context it is natural to consider a preference field H for the society, combining economic fields, associated with the preferred changes wrought by...

We develop a stochastic model of electoral competition in order to study the economic and political determinants of trade policy. We model a small open economy with two tradable goods, each of which is produced using a sector specific factor (e.g., land and capital) and another factor that is...

The key theoretical idea in this paper is that activist groups contribute resources to their favored parties in response to policy concessions from the parties. These resources are then used by a party to enhance the leader’s valence — the electoral perception of the quality of the party...

Recent events in the global economy have caused many writers to argue that the market is driven by animal spirits, by irrational exuberance or speculation. At the same time, the economic downturn has apparently caused many voters in the United States, and other countries, to change their opinion...