Political compromise and endogenous formation of coalitions

Anke Gerber and Ignacio Ortuño Ortín
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Anke Gerber: Fachbereich Volkswirtschaftslehre
Ignacio Ortuño Ortín: Universidad de Alicante

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: A one-dimensional model of spatial political competition with endogenous party formation is developed. It is proved that at equilibrium there are only two parties. These parties propose alternatives in the extreme position s of the policy space. The adopted policy, however, is a compromise between these two extremes.

Keywords: Endogenous party formation; strong nash equilibrium; spatial competition (search for similar items in EconPapers)
Pages: 20 pages
Date: 1996-12
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:1996-24

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