IDEAS home Printed from https://ideas.repec.org/a/kap/pubcho/v76y1993i3p273-88.html
   My bibliography  Save this article

The Median and the Competitive Equilibrium in One Dimension

Author

Listed:
  • Koford, Kenneth

Abstract

Two alternative models of legislative outcomes are the minimum winning coalition and the competitive equilibrium (Koford, 1982). In a unidimensional setting, the outcome under the former is the median, while the outcome under the latter is the highest net demand location. This paper describes the competitive equilibrium in a unidimensional model, and shows that under some common conditions it coincides with the median, in particular for pure redistributive issues. However, for distributive issues, the two equilibria will differ. Finally, the comparative statics of the two models are examined; while the winning coalition is sensitive only to changes in the location of the median, for 'distributive' issues the competitive equilibrium has the standard 'economic' comparative statics that the outcome adjusts in the direction of the change in preferences. Copyright 1993 by Kluwer Academic Publishers

Suggested Citation

  • Koford, Kenneth, 1993. "The Median and the Competitive Equilibrium in One Dimension," Public Choice, Springer, vol. 76(3), pages 273-288, July.
  • Handle: RePEc:kap:pubcho:v:76:y:1993:i:3:p:273-88
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kenneth Koford, 2000. "Citizen Restraints on “Leviathan” Government: Transition Politics in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 30-62.
    2. Grelak, Eric & Koford, Kenneth, 1997. "A re-examination of the Fiorina-Plott and Eavey voting experiments: How much do cardinal payoffs influence outcomes?," Journal of Economic Behavior & Organization, Elsevier, vol. 32(4), pages 571-589, April.
    3. Koford, Kenneth, 2000. "Citizen restraints on "Leviathan" government: transition politics in Bulgaria," European Journal of Political Economy, Elsevier, vol. 16(2), pages 307-338, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:pubcho:v:76:y:1993:i:3:p:273-88. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.