DP13121 Multi-candidate Political Competition and the Industrial Organization of Politics

Author(s): Avner Seror, Thierry Verdier
Publication Date: August 2018
Keyword(s): Frechet distributions, Plurality, Probabilistic Voting Models, Proportionality, public policy, redistribution, runoff
JEL(s): D71, D72, L11
Programme Areas: Public Economics
Link to this Page: www.cepr.org/active/publications/discussion_papers/dp.php?dpno=13121

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.