Showing 61 - 70 of 217
In this paper we show that in a simple spatial model where the government is chosen under strict proportional rule, if the outcome function is a linear combination of parties' positions, with coefficient equal to their share of votes, essentially only a two-party equilibrium exists. The two...
Persistent link: https://www.econbiz.de/10014076103
In this paper we show that in a simple spatial model where the government is chosen under strict proportional rule, if the outcome function is a linear combination of parties' positions, with coefficients equal to their share of seats, only a two-party voting equilibrium basically exists. The...
Persistent link: https://www.econbiz.de/10005008340
In Poisson games, an extension of perfect equilibrium based on perturbations of the strategy space does not guarantee that players use admissible actions. This observation suggests that such a class of perturbations is not the correct one. We characterize the right space of perturbations to...
Persistent link: https://www.econbiz.de/10010751336
We prove that for generic network-formation games where players incur some strictly positive cost to propose links the number of Nash equilibria is finite. Furthermore all Nash equilibria are regular and, therefore, stable sets.
Persistent link: https://www.econbiz.de/10005004029
We present a model where a society elects candidates belonging to two parties to a national parliament. The electoral rule determines the seats distribution between the two parties. The policy outcome is a function of the number of seats the two parties win in the election. We analyze two...
Persistent link: https://www.econbiz.de/10010848207
We study the strategic behavior of voters in a model of proportional representation, in which the policy space is multidimensional. Our main finding is that in large electorate, under some assumptions on voters' preferences, voters essentially vote, in any equilibrium, only for the extreme parties.
Persistent link: https://www.econbiz.de/10005249661
Most of the voting models restrict themselves to the analysis of symmetric equilibria, i.e. equilibria in which "similar" voters make "similar" voting decisions. In this paper we investigate this assumption under costly plurality voting. In any pure strategy equilibrium, if two active voters...
Persistent link: https://www.econbiz.de/10005249715
We study a model of proportional representation, in which the policy space is multidimensional. We first show, via an example, that the assumption of quasi-concavity of the utility function is not sufficient to obtain the result that only the extreme parties get votes, contrary to the...
Persistent link: https://www.econbiz.de/10005249732
In a recent paper Osborne, Rosenthal and Turner (2000) investigate a model of meetings with costly participation. Their main result is that the equilibrium number of participants is small and their positions are extreme. In particular, when the policy space is one-dimensional and the policy...
Persistent link: https://www.econbiz.de/10005249756
Persistent link: https://www.econbiz.de/10006810817