Lizzeri, Alessandro; Persico, Nicola - In: Journal of the European Economic Association 3 (2005) 6, pp. 1318-1348
In most major democracies there are very fewparties compared to the number of possible policy positions held by voters. We provide an efficiency rationale for why it might be appropriate to limit the proliferation of parties. In our model, the larger the number of parties, the greater the...
