Equilibria in multi-party competition under uncertainty |
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| Authors: | A de Palma Gap-Seon Hong J -F Thisse |
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| Institution: | (1) Department of Civil Engineering, Northwestern University, 60201 Evanston, IL, USA;(2) CORE, Université Catholique de Louvain, 34 Voie du Roman Pays, B-1348 Louvain-la-Neuve, Belgique |
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| Abstract: | This paper presents a model of multiparty competition when extraneous considerations unobservable to the parties influence voters' behavior. This leads political parties to model voters' preferences by means of probabilistic choice rules. The equilibrium analysis for 2,..., 6 parties is provided and compared to the outcomes of the standard (certainty) model.We thank one referee for very careful comments. The first author is grateful to the NSF for financial support. |
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