Mixed strategy equilibrium in a Downsian model with a favored candidate: A comment

Dimitrios Xefteris

Journal of Economic Theory, 2012, vol. 147, issue 1, 393-396

Abstract: 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 voterʼs 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 voterʼs preferences.

Keywords: Spatial competition; Mixed strategies; Candidate quality (search for similar items in EconPapers)
JEL-codes: C72 D72 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:147:y:2012:i:1:p:393-396

DOI: 10.1016/j.jet.2011.11.008

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