dc.contributor.author | Xefteris, Dimitrios | en |
dc.creator | Xefteris, Dimitrios | en |
dc.date.accessioned | 2019-05-03T05:23:13Z | |
dc.date.available | 2019-05-03T05:23:13Z | |
dc.date.issued | 2016 | |
dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/48040 | |
dc.description.abstract | It is well known that the Hotelling-Downs model generically fails to admit an equilibrium when voting takes place under the plurality rule ( Osborne, 1993). This paper studies the Hotelling-Downs model considering that each voter is allowed to vote for up to k candidates and demonstrates that an equilibrium exists for a non-degenerate class of distributions of voters' ideal policies - which includes all log-concave distributions - if and only if k≥ 2. That is, the plurality rule ( k= 1) is shown to be the unique k-vote rule which generically precludes stability in electoral competition. Regarding the features of k-vote rules' equilibria, first, we show that there is no convergent equilibrium and, then, we fully characterize all divergent equilibria. We study comprehensively the simplest kind of divergent equilibria (two-location ones) and we argue that, apart from existing for quite a general class of distributions when k≥ 2, they have further attractive properties - among others, they are robust to free-entry and to candidates' being uncertain about voters' preferences. © 2015 Elsevier Inc. | en |
dc.language.iso | eng | en |
dc.source | Journal of Economic Theory | en |
dc.subject | Equilibrium | en |
dc.subject | Hotelling-Downs model | en |
dc.subject | Multiple votes | en |
dc.title | Stability in electoral competition: A case for multiple votes | en |
dc.type | info:eu-repo/semantics/article | |
dc.identifier.doi | 10.1016/j.jet.2015.11.003 | |
dc.description.volume | 161 | |
dc.description.startingpage | 76 | |
dc.description.endingpage | 102 | |
dc.author.faculty | Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
dc.author.department | Τμήμα Οικονομικών / Department of Economics | |
dc.type.uhtype | Article | en |
dc.contributor.orcid | Xefteris, Dimitrios [0000-0001-7397-5288] | |
dc.description.totalnumpages | 76-102 | |
dc.gnosis.orcid | 0000-0001-7397-5288 | |