Convergence and divergence in dynamic voting with inequality

• We model a two-party dynamic voting with heterogeneous voters. Voters’ preferences endogenously evolve over time and parties are policy motivated. Model’s outcomes include convergence, instability, extreme equilibria. Convergence is achieved when neither party has enough support to pursue its agenda. test whether the original median voter theorem’s result of political convergence in system holds control variables that influence voters’ present which depending on observable common factors unobservable idiosyncratic characteristics. In such setting, parties’ platforms centre special case within range results instability particular, not as electoral strategies, but