Divergent platforms

Theory and Decision 80 (4):561-580 (2016)
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Abstract

Models of electoral competition between two opportunistic, office-motivated parties typically predict that both parties become indistinguishable in equilibrium. I show that this strong connection between the office motivation of parties and their equilibrium choice of identical platforms depends on two—possibly false—assumptions: Issue spaces are uni-dimensional and Parties are unitary actors whose preferences can be represented by expected utilities. I provide an example of a two-party model in which parties offer substantially different equilibrium platforms even though no exogenous differences between parties are assumed. In this example, some voters’ preferences over the 2-dimensional issue space exhibit non-convexities and parties evaluate their actions with respect to a set of beliefs on the electorate.

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Maxmin expected utility with non-unique prior.Itzhak Gilboa & David Schmeidler - 1989 - Journal of Mathematical Economics 18 (2):141–53.

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