文章基本信息

标题：Valence characteristics and entry of a third party
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作者：Kwang-ho Kim
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2005
卷号：4
出版社：Economics Bulletin
摘要：This paper offers an explanation for the discrepancy between Downs' prediction of convergence to the median and the real world observations of nonconvergence. We modify Palfrey (1984) by introducing valence characteristics and show that there exist equilibria with entry in which the entrant may choose to be an extremist.
关键词：Downsian model