Discussion Paper Details

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Title: Multi-candidate Political Competition and the Industrial Organization of Politics

Author(s): Avner Seror and Thierry Verdier

Publication Date: August 2018

Keyword(s): Frechet distributions, Plurality, Probabilistic Voting Models, Proportionality, public policy, redistribution and runoff

Programme Area(s): Public Economics

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.

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Bibliographic Reference

Seror, A and Verdier, T. 2018. 'Multi-candidate Political Competition and the Industrial Organization of Politics'. London, Centre for Economic Policy Research.