1.8. Consider a population of voters uniformly distributed along the ideological spectrum from left (x = 0) to right (x = 1). Each of the candidates for a single office simultaneously chooses a cam- paign platform (i.e., a point on the line between x = 0 and x = 1). The voters observe the candidates' choices, and then each voter votes for the candidate whose platform is closest to the voter's position on the spectrum. If there are two candidates and they choose platforms x1 .3 and x2 .6, for example, then all voters to the left of x = .45 vote for candidate 1, all those to the right vote for candidate 2, and candidate 2 wins the elec- tion with 55 percent of the vote. Suppose that the candidates = 11 =

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Chapter19: Public Choice And Special Interest Group Politics
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1.8. Consider a population of voters uniformly distributed along
the ideological spectrum from left (x = 0) to right (x = 1). Each of
the candidates for a single office simultaneously chooses a cam-
paign platform (i.e., a point on the line between x
0 and x 1).
The voters observe the candidates' choices, and then each voter
votes for the candidate whose platform is closest to the voter's
position on the spectrum. If there are two candidates and they
choose platforms x₁ = .3 and x2 = .6, for example, then all
voters to the left of x .45 vote for candidate 1, all those to
the right vote for candidate 2, and candidate 2 wins the elec-
tion with 55 percent of the vote. Suppose that the candidates
care only about being elected—they do not really care about their
platforms at all! If there are two candidates, what is the pure-
strategy Nash equilibrium? If there are three candidates, exhibit
a pure-strategy Nash equilibrium. (Assume that any candidates
who choose the same platform equally split the votes cast for that
platform, and that ties among the leading vote-getters are resolved
by coin flips.) See Hotelling (1929) for an early model along these
lines.
Transcribed Image Text:- = 1.8. Consider a population of voters uniformly distributed along the ideological spectrum from left (x = 0) to right (x = 1). Each of the candidates for a single office simultaneously chooses a cam- paign platform (i.e., a point on the line between x 0 and x 1). The voters observe the candidates' choices, and then each voter votes for the candidate whose platform is closest to the voter's position on the spectrum. If there are two candidates and they choose platforms x₁ = .3 and x2 = .6, for example, then all voters to the left of x .45 vote for candidate 1, all those to the right vote for candidate 2, and candidate 2 wins the elec- tion with 55 percent of the vote. Suppose that the candidates care only about being elected—they do not really care about their platforms at all! If there are two candidates, what is the pure- strategy Nash equilibrium? If there are three candidates, exhibit a pure-strategy Nash equilibrium. (Assume that any candidates who choose the same platform equally split the votes cast for that platform, and that ties among the leading vote-getters are resolved by coin flips.) See Hotelling (1929) for an early model along these lines.
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