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- W3121288114 abstract "We study the Nash Equilibrium of three-candidate unidimensional spatial competition when candidates differ in their non-policy characteristics (valence). If the voters’ policy preferences are represented by a strictly convex loss function, and if the voter density is unimodal and symmetric, then a unique, modulo symmetry, Local Nash Equilibrium exists under fairly plausible conditions. The global Nash Equilibrium, however, exists when only one candidate has a valence advantage (or disadvantage) while the other two candidates have the same valence." @default.
- W3121288114 created "2021-02-01" @default.
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- W3121288114 date "2008-03-26" @default.
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- W3121288114 title "Three-candidate competition when candidates have valence: the base case" @default.
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- W3121288114 doi "https://doi.org/10.1007/s00355-008-0306-z" @default.
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