posted on 2015-07-22, 10:59authored byAristotelis Boukouras, R. Schwager, R. E. Aytimur
We present a modified citizen-candidate model where the implemented policy arises from a compromise
between the government and an unelected external power. We show that the two-candidate equilibria of this model
differ significantly from the original: however small the cost of candidacy, the distance between the candidates’
policies, both ideal and implemented, remains strictly above a threshold. Moreover, there may be one-candidate
equilibria in which the only candidate is not the one most preferred by the median voter. Both results point out that,
even with negligible cost of entry, there are limits to strategic delegation.
History
Citation
Canadian Journal of Economics 2016, 49(3)
Author affiliation
/Organisation/COLLEGE OF SOCIAL SCIENCE/Department of Economics