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We develop a spatial model of competition between two policy-motivated parties. The parties know which policies are desirable for voters, while voters do not. The announced positions of the parties serve as signals to the voters concerning the parties' private information. In all separating...
Persistent link: https://www.econbiz.de/10005305350
Persistent link: https://www.econbiz.de/10005143336
This paper proposes a new theory, which we call inductive game theory. In this theory, the individual player does not have a priori knowledge of the structure of the game that he plays repeatedly. Instead, he accumulates experiences induced by occasional random trials in the repeated play. A...
Persistent link: https://www.econbiz.de/10005663093