Huck, S.;
Knoblauch, V.;
Muller, W.;
(2004)
Spatial voting with endogenous timing.
(ELSE Working Papers
86).
ESRC Centre for Economic Learning and Social Evolution: London, UK.
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Abstract
We consider a model of (spatial) voting with endogenous timing. In line with what is observed in actual political campaigns, candidates can decide endogenously when and where to locate. More specifically, we analyze endogenous timing in a two-period n-candidate spatial-voting game on the unit interval. We show that this game possesses a pure strategy equilibrium. The equilibrium concept is a simplified version of subgame perfection defined by Osborne (1993) for use in games that possess noor only very complex subgame perfect equilibria. We demonstrate the latter point by also analyzing the subgame perfect equilibria in three-candidate spatial voting with endogenous timing. Our results show that accounting for endogenous timing can eliminate some of the more unappealing equilibrium characteristics of the standard model.
Type: | Working / discussion paper |
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Title: | Spatial voting with endogenous timing |
Open access status: | An open access version is available from UCL Discovery |
Publisher version: | http://else.econ.ucl.ac.uk/newweb/papers.php |
Language: | English |
UCL classification: | UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
URI: | https://discovery.ucl.ac.uk/id/eprint/14589 |
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