On Hierarchical Spatial Competition

Shlomo Weber

The Review of Economic Studies, 1992, vol. 59, issue 2, 407-425

Abstract: In this paper we consider a hierarchical model of spatial electoral competition with two dominant players (incumbents) and one entrant. The incumbents engage in a non-cooperative game against each other and act as Stackelberg leaders with respect to a vote-maximizing entrant. We prove that the equilibrium of this game, called a hierarchical equilibrium, exists and is unique for an arbitrary single-peaked distribution of voters' ideal points. Moreover, we fully characterize the set of equilibrium strategies and show its equivalence to the set of strategies generated by a perfect-foresight equilibrium.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:oup:restud:v:59:y:1992:i:2:p:407-425.

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