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Persistent link: https://www.econbiz.de/10009619187
We consider the Hotelling–Downs model with n⩾3 office-seeking candidates and runoff voting. We show that Nash equilibria in pure strategies always exist and that there are typically multiple equilibria, both convergent (all candidates are located at the median) and divergent (candidates...
Persistent link: https://www.econbiz.de/10011049771
Persistent link: https://www.econbiz.de/10009830631
We consider the Hotelling-Downs model with n ≥ 2 office seeking candidates and runoff voting. We show that Nash equilibria in pure strategies always exist and that there are typically multiple equilibria, both convergent (all candidates are located at the median) and divergent (candidates...
Persistent link: https://www.econbiz.de/10014191620