Multiple Equilibria in the Citizen-Candidate Model of Representative Democracy
Amrita Dhillon () and
Ben Lockwood ()
Journal of Public Economic Theory, 2002, vol. 4, issue 2, 171-84
The Besley-Coate model of representative democracy has the problem of multiple equilibria (Besley-Coate 1997). We show that requiring the Besley-Coate political equilibria to be iteratively undominated at the voting stage refines the set of (pure strategy) political equilibrium outcomes only for those cases where at least four candidates stand for election. This note complements the results of De Sinopoli and Turrini (1999). Copyright 2002 by Blackwell Publishing Inc.
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