Abstract

In a recent dynamical systems model of platform adaptation in spatial voting models, Miller and Stadler (J.H. Miller, P.F. Stadler, J. Econ. Dyn. and Control 23 (1998) 171–189) showed that, assuming concave voter utility functions and complete participation, there is a globally stable equilibrium located at the mean voter position. Here we show that abstention depending on the distances between voters and platforms may lead to bifurcations rendering the mean voter equilibrium unstable. We find up to seven equilibria, up to four of which are local attractors for the platform dynamics.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.