Voter Preferences, Polarization, and Electoral Policies

نویسندگان

  • Yuichiro Kamada
  • Fuhito Kojima
  • Takuo Sugaya
چکیده

A probabilistic voting model with voter utility functions that are not necessarily concave is examined. When voters are polarized, there is a convexity threshold of their utility function below which policy convergence is a unique equilibrium, and above which policy divergence is a unique equilibrium. Divergent equilibrium is more likely when voters become more polarized. Social welfare is maximized in each divergent equilibrium, but not necessarily in every convergent equilibrium. When there is more than one policy issue, the candidates’ equilibrium policies diverge on issues for which utility functions are convex and converge on issues for which they are concave.

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تاریخ انتشار 2009