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Indeterminacy of Citizen-Candidate Equilibrium

John Roemer

No 1410, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: In a citizen candidate equilibrium, there are n candidates each of whom announces a policy in a policy space of dimension d. Thus the policy equilibrium lives in a space of dimension nd. We show, in a canonical example, that the equilibrium manifold is generically of dimension nd. In particular, the set of equilibria contains an open set in T^n .

Keywords: Citizen-candidate equilibrium; Political equilibrium (search for similar items in EconPapers)
JEL-codes: D72 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2003-03
New Economics Papers: this item is included in nep-cdm and nep-pub
References: Add references at CitEc
Citations: View citations in EconPapers (4)

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