Suppose two candidates A and B compete for office in an election with 5 voters.

Suppose two candidates A and B compete for office in an election with 5 voters. They simultaneously making binding announcements of policies they will choose if elected, and then all voters simultaneously vote for either A or B after observing both announcements (no one abstains). There are 5 possible policies to choose 1 from numbered 1 to 5 (candidates cannot locate in between these policies; e.g. 2.5 is not a possible choice). Voter 1’s ideal point is policy 1, 2’s ideal point is 2, and so forth. Each voter obtains 0 jollies if her ideal policy is enacted, and loses 1 jolly for each unit of difference between the policy chosen by the winning candidate and her favorite policy. Assume that if any voter likes both candidates equally well, s/he flips a coin to determine his/her vote. Candidates care only about winning the election: if a candidate wins, she gets 1 jolly; if she loses, she gets 0 jollies; if they tie, each candidate gets 0.5 jollies.
(a) Suppose candidates win if they get at least a majority of votes (at least 3). What policies do they announce in equilibrium? Does either party win for sure?
(b) Suppose candidate A is the incumbent, who has manipulated electoral rules to his advantage: candidate B must receive at least a majority of votes to win, and otherwise A wins. What policies do they announce in equilibrium? Who wins?
(c) Consider the same problem as above, but now B must receive at least 2 3 of the votes in order to win; otherwise A wins. Which combinations of policy proposals are equilibria? (Hint: there may be more than one.) Who wins in all equilibria?

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Order your essay today and save 10% with the coupon code: best10