Markovian Elections

Jean Guillaume Forand and John Duggan
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John Duggan: University of Rochester

No 153, 2014 Meeting Papers from Society for Economic Dynamics

Abstract: We establish existence and continuity properties of equilibria in a model of dynamic elections with a discrete (countable) state space and general policies and preferences. We provide conditions under which there is a representative voter in each state, and we give characterization results in terms of the equilibria of an associated “representative voting game.†When the conditions for these results are not met, we provide examples that uncover new classes of dynamic political failures.

Date: 2014
New Economics Papers: this item is included in nep-cdm, nep-dge, nep-mac, nep-mic and nep-pol
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed014:153

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