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Spatial Voting with Endogenous Timing

Author

Listed:
  • Huck, S.
  • Müller, W.

    (Tilburg University, Center For Economic Research)

  • Knoblauch, V.

Abstract

We consider a model of (spatial) voting with endogenous timing. In line with actual political campaigns, candidates can decide endogenously when and where to locate. More specifically, we analyze endogenous timing in a two-period n-candidate spatial-voting game. We show that this game possesses a pure-strategy equilibrium (Osborne [1993]) but no - or only very complex - subgame-perfect equilibria. We demonstrate the latter point by analyzing the subgame-perfect equilibria in a three-candidate game. Our results show that allowing for endogenous timing can eliminate some of the more unappealing equilibrium characteristics of the standard model.
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(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Huck, S. & Müller, W. & Knoblauch, V., 2004. "Spatial Voting with Endogenous Timing," Discussion Paper 2004-10, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:89ede7f9-cdab-4dfd-801d-eae502618c59
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    References listed on IDEAS

    as
    1. Osborne Martin J., 1993. "Candidate Positioning and Entry in a Political Competition," Games and Economic Behavior, Elsevier, vol. 5(1), pages 133-151, January.
    2. Saloner, Garth, 1987. "Cournot duopoly with two production periods," Journal of Economic Theory, Elsevier, vol. 42(1), pages 183-187, June.
    3. Robson, Arthur J, 1990. "Stackelberg and Marshall," American Economic Review, American Economic Association, vol. 80(1), pages 69-82, March.
    4. Hamilton, Jonathan H. & Slutsky, Steven M., 1990. "Endogenous timing in duopoly games: Stackelberg or cournot equilibria," Games and Economic Behavior, Elsevier, vol. 2(1), pages 29-46, March.
    5. Thomas R. Palfrey, 1984. "Spatial Equilibrium with Entry," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(1), pages 139-156.
    6. Shaked, A, 1982. "Existence and Computation of Mixed Strategy Nash Equilibrium for 3-Firms Location Problem," Journal of Industrial Economics, Wiley Blackwell, vol. 31(1-2), pages 93-96, September.
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    Cited by:

    1. Luca Lambertini, 2007. "Platform stickiness in a spatial voting model," Economics Bulletin, AccessEcon, vol. 4(40), pages 1-11.
    2. repec:ebl:ecbull:v:4:y:2007:i:40:p:1-11 is not listed on IDEAS
    3. L. Lambertini, 2010. "Oligopoly with Hyperbolic Demand: A Differential Game Approach," Journal of Optimization Theory and Applications, Springer, vol. 145(1), pages 108-119, April.
    4. Arturo García & Mariel Leal & Sang-Ho Lee, 2019. "Endogenous Timing with a Socially Responsible Firm," Korean Economic Review, Korean Economic Association, vol. 35, pages 345-370.

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    More about this item

    Keywords

    voting; political economy; games; general equilibrium;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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