The Hotelling–Downs model with runoff voting

B-Tier
Journal: Games and Economic Behavior
Year: 2012
Volume: 74
Issue: 2
Pages: 447-469

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We consider the Hotelling–Downs model with n⩾3 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 votersʼ ideal policies, while equilibria with more than two policies exist generically but under restrictive conditions that we characterize.

Technical Details

RePEc Handle
repec:eee:gamebe:v:74:y:2012:i:2:p:447-469
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25