Probabilistic and Spatial Models of Voting

Coughlin, Peter

doi:10.1016/s0169-7218(10)00026-2

Handbook of Social Choice and Welfare

2011

DOI: 10.1016/s0169-7218(10)00026-2

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Probabilistic and Spatial Models of Voting

Peter Coughlin¹

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2014

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Cited by 1 publication

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A dynamic theory of electoral competition

Battaglini

2014

Theoretical Economics

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We present a dynamic theory of electoral competition to study the determinants of fiscal policy. In each period, two parties choose electoral platforms to maximize the expected number of elected representatives. The platforms include public expenditure, redistributive transfers, the tax rate, and the level of public debt. Voters cast their vote after seeing the platforms and elect representatives according to a majoritarian winner take all system. The level of debt, by affecting the budget constraint in future periods, creates a strategic linkage between electoral cycles. We characterize the Markov equilibrium of this game when public debt is the state variable and study how Pareto efficiency depends on the electoral rule and the underlying fundamentals of the economy.

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A dynamic theory of electoral competition

Battaglini

2014

Theoretical Economics

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Probabilistic and Spatial Models of Voting

Cited by 1 publication

References 101 publications

A dynamic theory of electoral competition

A dynamic theory of electoral competition

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