Multi-candidate Political Competition and the Industrial Organization of Politics
Thierry Verdier and
Avner Seror
No 13121, CEPR Discussion Papers from C.E.P.R. Discussion Papers
Abstract:
In this paper, we present a microfounded theory of multi-candidate political competition taking an "industrial organization" perspective of politics. The analytical framework is shown to be exible enough to address several applications on the topics of special interest politics, coalition formation in the legislature in proportional elections, and redistribution under alternative electoral rules.
Keywords: Probabilistic voting models; Frechet distributions; Redistribution; Public policy; Runoff; Plurality; Proportionality (search for similar items in EconPapers)
JEL-codes: D71 D72 L11 (search for similar items in EconPapers)
Date: 2018-08
New Economics Papers: this item is included in nep-cdm, nep-mic and nep-pol
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Citations: View citations in EconPapers (4)
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