Abstract
Models of electoral competition between two opportunistic, office-motivated parties typically predict that both parties become indistinguishable in equilibrium. I show that this strong connection between the office motivation of parties and their equilibrium choice of identical platforms depends on two—possibly false—assumptions: (1) Issue spaces are uni-dimensional and (2) Parties are unitary actors whose preferences can be represented by expected utilities. I provide an example of a two-party model in which parties offer substantially different equilibrium platforms even though no exogenous differences between parties are assumed. In this example, some voters’ preferences over the 2-dimensional issue space exhibit non-convexities and parties evaluate their actions with respect to a set of beliefs on the electorate.
| Original language | English |
|---|---|
| Pages (from-to) | 561-580 |
| Number of pages | 20 |
| Journal | Theory and Decision |
| Volume | 80 |
| Issue number | 4 |
| Early online date | 19 Sept 2015 |
| DOIs | |
| Publication status | Published - Apr 2016 |
Keywords
- Downs model
- Games with Incomplete Preferences
- Platform Divergence
- Knightian Uncertainty,
- Uncertainty Aversion.