Elections and Strategic Positioning Games
Page, Frank H., and
Myrna Wooders
No 269296, Economic Research Papers from University of Warwick - Department of Economics
Abstract:
We formalize the interplay between expected voting behavior and stragetic 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 de…ned as a feasible combination of candidate positions and expected political payo¤s 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 de…ne 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.
Keywords: Agricultural and Food Policy; Political Economy (search for similar items in EconPapers)
Pages: 26
Date: 2002-08-08
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Related works:
Journal Article: Elections and strategic positioning games (2003) 
Working Paper: Elections and Strategic Positioning Games (1999) 
Working Paper: ELECTIONS AND STRATEGIC POSITIONING GAMES (1999) 
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:269296
DOI: 10.22004/ag.econ.269296
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