X hits on this document

PDF document

Cournot’s model of oligopoly - page 17 / 38

111 views

0 shares

0 downloads

0 comments

17 / 38

Example

  • Two candidates

  • Set of possible positions is a (one-dimensional) interval.

  • Each voter has a single favorite position, on each side of

which her distaste for other positions increases equally.

x

x*

y

  • Unique median favorite position m among the voters: the favorite positions of half of the voters are at most m, and the favorite positions of the other half of the voters are at least m.

Note: m may not be in the center of the policy space.

17

Document info
Document views111
Page views111
Page last viewedSat Dec 10 22:36:58 UTC 2016
Pages38
Paragraphs543
Words4259

Comments