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Edited by: F. T. Aleskerov, А. А. Васин.
Cambridge: Cambridge Scholars Publishing, 2020.
Zlotnik A.A., Chetverushkin B.
Differential Equations. 2020. Vol. 56. No. 7. P. 910-922.
Lepskiy A., Meshcheryakova N.
In bk.: Information Processing and Management of Uncertainty in Knowledge-Based Systems. IPMU 2020. Vol. 1238. Prt. 2. Cham: Springer, 2020. P. 283-296.
Aleskerov F. T., Yakuba V. I.
Математические методы анализа решений в экономике, бизнесе и политике. WP7. Высшая школа экономики, 2020. No. 2323.
Coauthors: Alexander Shapoval (HSE), Shlomo Weber (NES, Southern Methodist University)
In this paper we examine the effects of valence in a continuous spatial voting model between two incumbent parties and one potential entrant. All parties are rank-motivated and are driven by their place in the electoral competition.
One of our main results is that a sufficiently wide valence gap between the incumbents yields an equilibrium in which no entry will occur. We also show that an increase in valence shifts the high-valence incumbent party closer to the median voter, while the low-valence incumbent selects a more extreme platform.