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Indeterminacy of Citizen-candidate Equilibrium

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Author Info
John E. Roemer () (Yale University)

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Abstract

In a citizen candidate equilibrium, there are n candidates each of whom announces a policy in a policy space of dimension d. Thus the policy equilibrium lives in a space of dimension nd. We show, in a canonical example, that the equilibrium manifold is generically of dimension nd. In particular, the set of equilibria contains an open set in T^n.

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Paper provided by Yale School of Management in its series Yale School of Management Working Papers with number ysm350.

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Date of creation: 28 Jul 2004
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Handle: RePEc:ysm:somwrk:ysm350

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Related research
Keywords: Citizen-candidate Equilibrium; Political Equilibrium;

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Find related papers by JEL classification:
D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior

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  1. Eguia, Jon X., 2005. "Citizen candidates under uncertainty," Working Papers 1233, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
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