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Valence influence in electoral competition with rank objectives

Article
Author/s: 
Alexander Shapoval, Shlomo Weber, Alexei Zakharov
International Journal of Game Theory
Publisher: 
Springer
Year: 
2019
Journal Article [1]
In this paper we examine the effects of valence in a continuous spatial voting model with two incumbent candidates and a potential entrant. All candidates are rank-motivated. We first consider the case where the low valence incumbent (LVC) and the entrant have zero valence, whereas the valence of the high valence incumbent (HVC) is positive. We show that a sufficiently large valence of HVC guarantees a unique equilibrium, where the two incumbents prevent the entry of the third candidate. We also show that an increase in valence allows HVC to adopt a more centrist policy position, while LVC selects a more extreme position. We also examine the existence of equilibrium for the cases where the LVC has higher or lower valence than the entrant.
Tags: 
Social Choice [2]

Source URL:http://www.coalitiontheory.net/content/valence-influence-electoral-competition-rank-objectives

Links
[1] https://link.springer.com/article/10.1007/s00182-019-00659-3 [2] http://www.coalitiontheory.net/research-areas/social-choice