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We model the transition from a chaotic status quo to a more orderly political regime as a two-stage game involving two warring factions and the citizens. The warring factions move first and decide the form of government by (1) inviting an external arbitrator, (2) choosing the people as...
Persistent link: https://www.econbiz.de/10011135452
Many have observed that political candidates running for election are often purposefully expressing themselves in vague and ambiguous terms. In this paper, we provide a simple formal model of this phenomenon. We model the electoral competition between two candidates as a two-stage game. In the...
Persistent link: https://www.econbiz.de/10010777948