2 research outputs found
Three-Candidate Competition When Candidates Have Valence: Stochastic Voting
We study the effects of stochastic (probabilistic) voting on equilibrium locations, equilibrium vote shares and comparative statics in a setup with three heterogenous candidates and a single-dimensional issue space. Comparing the equilibria with and without stochastic voting, we find that under an appropriate level of uncertainty about voter behavior, the model has a pure strategy Nash Equilibrium (PSNE) that is free from several non-plausible features of the PSNE under deterministic voting. The results are robust to extensions to asymmetric density and plurality maximization.Probabilistic voting; valence; three-candidate competition; centripetal incentives
Three-candidate spatial competition when candidates have valence: stochastic voting
Stochastic (probabilistic) voting, Valence, Three-candidate competition,