Bendor, Jonathan; Mookherjee, Dilip; Ray, Debraj - In: Quarterly Journal of Political Science 1 (2006) 2, pp. 171-200
We model political parties as adaptive decision-makers who compete in a sequence of elections. The key assumptions are that <italic>winners satisfice</italic> (the winning party in period <italic>t</italic> keeps its platform in <italic>t</italic> + 1) while <italic>losers search</italic>. Under fairly mild assumptions about losers' search rules, we show that...