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.