IDEAS home Printed from https://ideas.repec.org/p/cpr/ceprdp/13121.html
   My bibliography  Save this paper

Multi-candidate Political Competition and the Industrial Organization of Politics

Author

Listed:
  • Verdier, Thierry
  • Seror, Avner

Abstract

In this paper, we present a microfounded theory of multi-candidate political competition taking an "industrial organization" perspective of politics. The analytical framework is shown to be exible enough to address several applications on the topics of special interest politics, coalition formation in the legislature in proportional elections, and redistribution under alternative electoral rules.

Suggested Citation

  • Verdier, Thierry & Seror, Avner, 2018. "Multi-candidate Political Competition and the Industrial Organization of Politics," CEPR Discussion Papers 13121, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:13121
    as

    Download full text from publisher

    File URL: https://cepr.org/publications/DP13121
    Download Restriction: CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Bouton, Laurent & Castanheira, Micael & Llorente-Saguer, Aniol, 2016. "Divided majority and information aggregation: Theory and experiment," Journal of Public Economics, Elsevier, vol. 134(C), pages 114-128.
    2. Timothy Besley & Stephen Coate, 1997. "An Economic Model of Representative Democracy," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(1), pages 85-114.
    3. Jeffrey S. Banks & John Duggan, 2005. "Probabilistic Voting in the Spatial Model of Elections: The Theory of Office-motivated Candidates," Studies in Choice and Welfare, in: David Austen-Smith & John Duggan (ed.), Social Choice and Strategic Decisions, pages 15-56, Springer.
    4. Bordignon, Massimo & Nannicini, Tommaso & Tabellini, Guido, 2017. "Single round vs. runoff elections under plurality rule: A theoretical analysis," European Journal of Political Economy, Elsevier, vol. 49(C), pages 123-133.
    5. Laurent Bouton & Micael Castanheira, 2012. "One Person, Many Votes: Divided Majority and Information Aggregation," Econometrica, Econometric Society, vol. 80(1), pages 43-87, January.
    6. Bouton, Laurent & Gratton, Gabriele, 2015. "Majority runoff elections: strategic voting and Duverger's hypothesis," Theoretical Economics, Econometric Society, vol. 10(2), May.
    7. Massimo Bordignon & Tommaso Nannicini & Guido Tabellini, 2016. "Moderating Political Extremism: Single Round versus Runoff Elections under Plurality Rule," American Economic Review, American Economic Association, vol. 106(8), pages 2349-2370, August.
    8. Bouton, Laurent & Castanheira, Micael & Llorente-Saguer, Aniol, 2017. "Multicandidate elections: Aggregate uncertainty in the laboratory," Games and Economic Behavior, Elsevier, vol. 101(C), pages 132-150.
    9. Brams, Steven J. & O'Leary, Michael K., 1970. "An Axiomatic Model of Voting Bodies," American Political Science Review, Cambridge University Press, vol. 64(2), pages 449-470, June.
    10. repec:ulb:ulbeco:2013/162238 is not listed on IDEAS
    11. Marcos Chamon & Sergio Firpo & João M. P. de Mello & Renan Pieri, 2019. "Electoral Rules, Political Competition and Fiscal Expenditures: Regression Discontinuity Evidence from Brazilian Municipalities," Journal of Development Studies, Taylor & Francis Journals, vol. 55(1), pages 19-38, January.
    12. Coughlin, Peter & Nitzan, Shmuel, 1981. "Directional and local electoral equilibria with probabilistic voting," Journal of Economic Theory, Elsevier, vol. 24(2), pages 226-239, April.
    13. Diermeier, Daniel & Merlo, Antonio, 2004. "An empirical investigation of coalitional bargaining procedures," Journal of Public Economics, Elsevier, vol. 88(3-4), pages 783-797, March.
    14. Laurent Bouton, 2013. "A Theory of Strategic Voting in Runoff Elections," American Economic Review, American Economic Association, vol. 103(4), pages 1248-1288, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Mehmood, Sultan & Seror, Avner, 2023. "Religious leaders and rule of law," Journal of Development Economics, Elsevier, vol. 160(C).
    2. Garance Genicot & Laurent Bouton & Micael Castanheira, 2021. "Electoral Systems and Inequalities in Government Interventions [“Distributive Politics and Electoral Incentives: Evidence from Seven US State Legislatures.”]," Journal of the European Economic Association, European Economic Association, vol. 19(6), pages 3154-3206.
    3. Christian Johansson & Anders Kärnä & Jaakko Meriläinen, 2023. "Vox Populi, Vox Dei? Tacit collusion in politics," Economics and Politics, Wiley Blackwell, vol. 35(3), pages 752-772, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Laurent Bouton & Jorge Gallego & Aniol Llorente-Saguer & Rebecca Morton, 2022. "Run-off Elections in the Laboratory," The Economic Journal, Royal Economic Society, vol. 132(641), pages 106-146.
    2. Bouton, Laurent & Ogden, Benjamin, 2017. "Ethical Voting in Multicandidate Elections," CEPR Discussion Papers 12374, C.E.P.R. Discussion Papers.
    3. Laurent Bouton & Benjamin G. Ogden, 2017. "Group-based Voting in Multicandidate Elections," NBER Working Papers 23898, National Bureau of Economic Research, Inc.
    4. Caroline Le Pennec, 2024. "Strategic Campaign Communication: Evidence from 30,000 Candidate Manifestos," The Economic Journal, Royal Economic Society, vol. 134(658), pages 785-810.
    5. Tsakas, Nikolas & Xefteris, Dimitrios, 2021. "Information aggregation with runoff voting," Journal of Economic Theory, Elsevier, vol. 191(C).
    6. Tsakas, Nikolas & Xefteris, Dimitrios, 2021. "Stress-testing the runoff rule in the laboratory," Games and Economic Behavior, Elsevier, vol. 128(C), pages 18-38.
    7. Hughes, Niall, 2016. "Voting in legislative elections under plurality rule," Journal of Economic Theory, Elsevier, vol. 166(C), pages 51-93.
    8. Bouton, Laurent & Castanheira, Micael & Llorente-Saguer, Aniol, 2016. "Divided majority and information aggregation: Theory and experiment," Journal of Public Economics, Elsevier, vol. 134(C), pages 114-128.
    9. Vincent Pons & Clémence Tricaud, 2018. "Expressive Voting and Its Cost: Evidence From Runoffs With Two or Three Candidates," Econometrica, Econometric Society, vol. 86(5), pages 1621-1649, September.
    10. Menezes, Aline, 2017. "Do some electoral systems select better politicians than others? Single- vs dual-ballot elections," MPRA Paper 79370, University Library of Munich, Germany.
    11. Bouton, Laurent & Castanheira, Micael & Llorente-Saguer, Aniol, 2016. "Divided majority and information aggregation: Theory and experiment," Journal of Public Economics, Elsevier, vol. 134(C), pages 114-128.
    12. Hughes, Niall, 2020. "Strategic Voting in Two-Party Legislative Elections," MPRA Paper 100363, University Library of Munich, Germany.
    13. Costel Andonie & Daniel Diermeier, 2022. "Electoral Institutions with impressionable voters," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 59(3), pages 683-733, October.
    14. Cipullo, Davide, 2018. "Runoff vs. Plurality: Does It Matter for Expenditures? Evidence from Italy," Working Paper Series 2018:13, Uppsala University, Department of Economics.
    15. Massimo Bordignon & Guido Tabellini, 2009. "Moderating Political Extremism: Single Round vs Runoff Elections under Plurality Rule," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0087, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    16. Bouton, Laurent & Castanheira, Micael & Llorente-Saguer, Aniol, 2017. "Multicandidate elections: Aggregate uncertainty in the laboratory," Games and Economic Behavior, Elsevier, vol. 101(C), pages 132-150.
    17. Durand, François & Macé, Antonin & Núñez, Matías, 2024. "Voter coordination in elections: A case for approval voting," Games and Economic Behavior, Elsevier, vol. 146(C), pages 1-34.
    18. Massimo Bordignon & Tommaso Nannicini & Guido Tabellini, 2016. "Moderating Political Extremism: Single Round versus Runoff Elections under Plurality Rule," American Economic Review, American Economic Association, vol. 106(8), pages 2349-2370, August.
    19. Martin Gregor, 2013. "The Optimal Ballot Structure for Double-Member Districts," CERGE-EI Working Papers wp493, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    20. Meroni, Claudia & Pimienta, Carlos, 2017. "The structure of Nash equilibria in Poisson games," Journal of Economic Theory, Elsevier, vol. 169(C), pages 128-144.

    More about this item

    Keywords

    Probabilistic voting models; Frechet distributions; Redistribution; Public policy; Runoff; Plurality; Proportionality;
    All these keywords.

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:cpr:ceprdp:13121. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: the person in charge (email available below). General contact details of provider: https://www.cepr.org .

    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.