Article ID Journal Published Year Pages File Type
9551721 Games and Economic Behavior 2005 14 Pages PDF
Abstract
Electoral equilibria depend upon candidates' motivations. Maximization of expected vote share may not lead to the same behavior as maximization of the probability of winning the election. Accordingly, it is desirable to understand when electoral equilibria are insensitive to the choice of candidate motivations. This paper examines sufficient conditions for local equilibrium equivalence between expected vote share maximization and maximization of probability of victory in the spatial model of elections with probabilistic voters.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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