Mixed strategy equilibrium in a Downsian model with a favored candidate: A comment
Date
2012Source
Journal of Economic TheoryVolume
147Pages
393-396Google Scholar check
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This note complements Aragonès and Palfrey (2002) [2] by providing upper and lower bounds of the equilibrium payoff of the advantaged (disadvantaged) candidate for any symmetric distribution of the median voter's ideal policy and any (even or odd) number of equidistant locations. These bounds point to a negative (positive) relationship between the equilibrium payoff of the (dis)advantaged candidate and the uncertainty regarding the median voter's preferences. © 2011 Elsevier Inc.