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We develop a formal model of the internal game between the leader and the factions of a party, to study the effect of party leadership on electoral success. Factions are of interest or of principle. The probability of winning an election is increasing in the leader's charisma, but also in party...
Persistent link: https://www.econbiz.de/10013228401
This paper examines the institutional determinants of discipline in legislative parties building on the premise that leaders need to maintain support within the organization to continue leading. Payments distributed by the incumbent on the spot increase the value of promises of future benefits...
Persistent link: https://www.econbiz.de/10014026821
We study both theoretically and experimentally the set of Nash equilibria of a classical one-dimensional election game with two candidates. These candidates are interested in power and ideology, but their weights on these two motives are not necessarily identical. Apart from obtaining the well...
Persistent link: https://www.econbiz.de/10010198494
series of laboratory experiments, as we observe convergence to the Nash equilibrium values at the aggregate as well as the …
Persistent link: https://www.econbiz.de/10009271606
Using data from an experiment by Forsythe, Myerson, Rietz, and Weber (1993), designed for a different purpose, we test the "standard theory" that players have preferences only over their own mentary payoffs and that play will be in (evolutionary stable) equilibrium. In the experiment each...
Persistent link: https://www.econbiz.de/10011284229
In this paper, we study the potential implications of a novel yet natural voting system: strategic sequential voting. Each voter has one vote and can choose when to cast his vote. After each voting period, the current count of votes is publicized enabling subsequent voters to use this...
Persistent link: https://www.econbiz.de/10011514799
A well-known shortcoming of rational voter models is that the equilibrium probability that an individual votes converges to zero as the population of citizens tends to infinity. We show that this does not - as is often suggested - imply that equilibrium voter turnout is insignificant in the...
Persistent link: https://www.econbiz.de/10014065015
It is commonly thought that in an election with two parties there can be no strategic voting - voters simply vote for their preferred candidate. In this paper, I show that strategic voting comes to the fore in legislative elections with multiple policy dimensions. In sharp contrast to...
Persistent link: https://www.econbiz.de/10012835359
We develop a formal model of the internal game between the leader and the factions of a party, to study the effect of party leadership on electoral success. Factions are of interest or of principle. The probability of winning an election is increasing in the leader's charisma, but also in party...
Persistent link: https://www.econbiz.de/10012510666
The modern Condorcet jury theorem states that under weak conditions, when voters have common interests, elections will aggregate information when the population is large, in any equilibrium. Here, we study the performance of large elections with population uncertainty. We find that the modern...
Persistent link: https://www.econbiz.de/10012806603