Model of a Two-Candidate Electoral Competition
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Question
Write down a model of a two-candidate electoral competition in which:
(i) Candidates have full commitment
(ii) There is a Nash equilibrium in which the platforms chosen by each candidate are different.
Summary: This question belongs to political economy and discusses about a model of a two-candidate electoral competition in which Candidates have full commitment and platforms chosen by each candidate are different.
Total word count: 778
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