We study the implications of economies of party size in a model of party formation. We show that when the policy space is one-dimensional, candidates form at most two parties. This result does not depend on the magnitude of the economies of party size or sensitively on the nature of the individuals' preferences. It does depend on our assumptions that the policy space is one-dimensional and that uncertainty is absent; we study how modifications of these assumptions affect our conclusions. (JEL: D70, D72) (c) 2008 by the European Economic Association.
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Find related papers by JEL classification: D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior
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Martin J. Osborne & Jeffrey S. Rosenthal & Matthew A. Turner, 2000.
"Meetings with Costly Participation,"
American Economic Review,
American Economic Association, vol. 90(4), pages 927-943, September.
[Downloadable!] (restricted)
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Martin Osborne & Jeffry Rosenthal & Matthew A. Turner, 1998.
"Meetings with costly participation,"
Working Papers
mturner-98-02, University of Toronto, Department of Economics.
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Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
Andrea Mattozzi & Antonio Merlo, 2006.
"Mediocracy,"
PIER Working Paper Archive
07-007, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
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Andrea Mattozzi & Antonio Merlo, 2007.
"Mediocracy,"
NBER Working Papers
12920, National Bureau of Economic Research, Inc.
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