Political Consumption, Political Investment, and Policy Positions: Theory of Political Transaction and Its Institutional Implications
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This article is published in National Strategy.The article was published on 2013-02-01 and is currently open access. It has received 0 citations till now. The article focuses on the topics: Investment (macroeconomics) & Consumption (economics).read more
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Stability in Competition
TL;DR: In this paper, it was shown that if the purveyor of an article gradually increases his price while his rivals keep theirs fixed, the diminution in volume of his sales will in general take place continuously rather than in the abrupt way which has tacitly been assumed.
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Spatial Models of Party Competition
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Robustness of the Multidimensional Voting Model: Candidate Motivations, Uncertainty, and Convergence*
Abstract: This analysis demonstrates that important implications of the multidimensional voting model are robust to significant changes in the model's assumptions. (1) If candidates in the model are allowed to be partially or totally interested in the election's policy outcomes, convergence to the median must still occur. (2) If candidates are uncertain about voters' responses, and therefore attempt to maximize the probability of winning, the candidate platforms should still converge in equilibrium under weak assumptions about symmetry of the candidates' situations. (3) If both of these nonstandard assumptions are made together, the convergence result no longer holds; but small departures from the classic assumptions lead to only small departures from convergence. In combination with other recent multidimensional voting models that examine behavior in the absence of a median, this study indicates the usefulness of the traditional model for conceptualizing electoral politics.
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Centripetal and Centrifugal Incentives in Electoral Systems
TL;DR: In this paper, the authors investigate how electoral laws affect the position-taking incentives of parties and candidates and suggest a crude division of electoral systems into those that produce predominantly centripetal incentives and those producing predominantly centrifugal incentives.
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A Model of Candidate Location When One Candidate Has a Valence Advantage
TL;DR: In this paper, the authors extend the basic Calvert-Wittman model by giving one candidate a valence advantage over the other and show that if the valence characteristics of the candidates are approximately equal, then when a candidate's valence advantages increases, this causes her to move toward the median voter.
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