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Elections And Strategic Positioning Games

Author

Listed:
  • Page, Jr Frank H
  • Wooders, Myrna H
Abstract
We formalize the interplay between expected voting behavior and strategic positioning behavior of candidates as a common agency problem in which the candidates (i.e., the principals) compete for voters (i.e., agents) via the issues they choose and the positions they take. A political situation is defined as a feasible combination of candidate positions and expected political payoffs to the candidates. Taking this approach, we are led naturally to a particular formalization of the candidates’ positioning game, called a political situation game. Within the context of this game, we define the notion of farsighted stability (introduced in an abstract setting by Chwe (1994)) and apply Chwe’s result to obtain existence of farsightedly stable outcomes. We compute the farsightedly stable sets for several examples of political situations games, with outcomes that conform to real-world observations

Suggested Citation

  • Page, Jr Frank H & Wooders, Myrna H, 1999. "Elections And Strategic Positioning Games," The Warwick Economics Research Paper Series (TWERPS) 545, University of Warwick, Department of Economics.
    • Handle: RePEc:wrk:warwec:545
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    References listed on IDEAS

    as
    1. Osborne Martin J., 1993. "Candidate Positioning and Entry in a Political Competition," Games and Economic Behavior, Elsevier, vol. 5(1), pages 133-151, January.
    2. Myerson, Roger B. & Weber, Robert J., 1993. "A Theory of Voting Equilibria," American Political Science Review, Cambridge University Press, vol. 87(1), pages 102-114, March.
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    More about this item

    Keywords

    farsighted stability ; political common agency games;

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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