Gomberg, Andrei; Marhuenda, Francisco; Ortuño-Ortín, … - Centro de Investigación Económica (CIE), Departamento … - 2013
We analyze existence of divergent equilibria in a model of endogenous party platforms with stochastic membership, while the membership depends bothon the proposals of the parties and the unobserved idiosyncratic preferecnces of citizens over parties. It is shown that when citizens view the...