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We combine Duverger’s Law (1954) with Demsetz’s (1968) theory of natural monopoly to provide a novel perspective on … Duverger’s Law. We provide support for this Duverger-Demsetz perspective by studying the relationship between the concentration … depends on the contestability of elections, which declines as party fragmentation exceeds the long run level predicted by …
Persistent link: https://www.econbiz.de/10011431297
Do established parties change political institutions to disadvantage smaller, nonmainstream parties if the latters ́electoral prospects improve? We study this question with a natural experiment from the German federal state of Hesse. The experiment is the abolishment of an explicit electoral...
Persistent link: https://www.econbiz.de/10010505165
Do established parties change political institutions to disadvantage smaller, non-mainstream parties if the latters' electoral prospects improve? We study this question with a natural experiment from the German federal State of Hesse. The experiment is the abolishment of an explicit electoral...
Persistent link: https://www.econbiz.de/10010484319
This paper investigates infrastructure investment in markets where regulation is subject to varying degrees of manipulation by elected politicians. Based on a model of price regulation in a market with increasing demand and long-term returns on investment we construct a multi-period game between...
Persistent link: https://www.econbiz.de/10013084993
competition. As existing research conceptualizes political competition mainly as a macro- or party-level phenomenon, the micro … perspective remains underdeveloped and, therefore, an important dimension of political competition, the availability of votes, is … ignored. We introduce and discuss an individualized measure of electoral competition that is based on propensities to vote as …
Persistent link: https://www.econbiz.de/10012127110
This paper extends the small existing theoretical literature on negative campaigning, building on work by Harrington and Hess (1996). While their analysis explores the determinants of negative campaign spending using a classic spatial voting model, this paper relies instead on a probabilistic...
Persistent link: https://www.econbiz.de/10009743849
This paper extends the small existing theoretical literature on negative campaigning, building on work by Harrington and Hess (1996). While their analysis explores the determinants of negative campaign spending using a classic spatial voting model, this paper relies instead on a probabilistic...
Persistent link: https://www.econbiz.de/10013315783
Persistent link: https://www.econbiz.de/10009419710
Persistent link: https://www.econbiz.de/10011903746
Persistent link: https://www.econbiz.de/10012437682