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Consider the electoral competition model with three candidates. Extend the model to incorporate that candidates not only care about oce but also about the policy that is implemented. You can assume any single-peaked preference you want. Characterize the equilibria of the model. Hint: The characterization should be a function of the bliss point of the candidates.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M942058

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