2010
DOI: 10.2139/ssrn.1670806
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The Hotelling-Downs Model with Runoff Voting

Abstract: We consider the Hotelling-Downs model with n ≥ 2 office seeking candidates and runoff voting. We show that Nash equilibria in pure strategies always exist and that there are typically multiple equilibria, both convergent (all candidates are located at the median) and divergent (candidates locate at distinct positions), though only divergent equilibria are robust to free entry. Moreover, two-policy equilibria exist under any distribution of voters' ideal policies, while equilibria with more than two policies ex… Show more

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Cited by 3 publications
(4 citation statements)
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“…Proof. Consider the cyclic path of length 4 γ := (x (1) , x (2) , x (3) , x (4) , x (5) ) = ((2, 0), (1, 0), (1, 3), (2, 3), (2, 0)). This cyclic path is simple, i.e.…”
Section: Other Potentialsmentioning
confidence: 99%
See 1 more Smart Citation
“…Proof. Consider the cyclic path of length 4 γ := (x (1) , x (2) , x (3) , x (4) , x (5) ) = ((2, 0), (1, 0), (1, 3), (2, 3), (2, 0)). This cyclic path is simple, i.e.…”
Section: Other Potentialsmentioning
confidence: 99%
“…(1). Using the bi-matrix (2), we obtain (u 1 (x (2) ) − u 1 (x (1) )) + (u 2 (x (3) ) − u 2 (x (2) )) + (u 1 (x (4) ) − u 1 (x (3) )) + (u 2 (x (5) ) − u 2 (x (4) ))…”
Section: Other Potentialsmentioning
confidence: 99%
“…Xefteris (2016) shows that when one allows each voter to cast k ≥ 2 votes, instead of just k = 1 , then equilibrium exists for a non-degenerate class of distributions when at least k + 1 candidates enter at every location. Under runoff voting, Brusco et al (2012) show that when N > 2 , equilibria (typically many) exist. In contrast, I offer results in a static setting with a plurality voting system (common to many countries, e.g., the United States, Canada, India and the United Kingdom) while allowing endogenous entry by an unlimited number of potential strategic candidates, i.e., N = ∞.…”
Section: Literaturementioning
confidence: 99%
“…Instead of accentuating differences, "[c]entripetal [political systems] encourage a search for com-mon ground" (Gerring, Thacker, and Mereno 2005: 569). As detailed in the preceding section, a runoff rule favors candidates that adopt the ideological position of the median voter (Haan and Vokerink 2001;Brusco, Dziubiński, and Roy 2012); as such, a presidential runoff rule would be an example of a centripetal political system. Gerring, Thacker, and Moreno (2005: 569) argue that "[c]entripetal, rather than centrifugal, [political systems] create the conditions for good governance."…”
Section: The Downside Of a Large Distance Between The Ideological Position Of The President And The Median Votermentioning
confidence: 99%