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Valence, complementarities, and political polarization

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorDenter, Philipp
dc.contributor.funderMinisterio de Economía y Competitividad (España)es
dc.contributor.funderComunidad de Madrides
dc.date.accessioned2022-06-24T13:07:58Z
dc.date.available2023-07-01T23:00:05Z
dc.date.issued2021-07-01
dc.description.abstractI study a model of electoral competition where two parties that care about both the spoils of office and policy compete by announcing policy platforms. Parties are characterized by their valence on the one hand and by their policy platforms on the other. Unlike in the extant literature, I assume that valence and policy are complements (instead of substitutes) from the voter's perspective. I generally characterize electoral equilibrium and show that in such a framework increasing one or both parties' valence level(s) leads to policy moderation. To the contrary, if both parties have minimal valence policy platforms are maximally polarized. The model hence uncovers valence as an important determinant of political polarization.en
dc.description.sponsorshipI gratefully acknowledge the support from the Ministerio de Economía y Competitividad (Spain) through grant PGC2018-098510-B-I00 and from the Comunidad de Madrid (Spain) through grants EPUC3M11 (V PRICIT) and H2019/HUM-5891.en
dc.identifier.bibliographicCitationDenter, P. (2021). Valence, complementarities, and political polarization. Games and Economic Behavior,128, pp. 39-57.es
dc.identifier.doi10.1016/j.geb.2021.04.003
dc.identifier.issn0899-8256
dc.identifier.publicationfirstpage39es
dc.identifier.publicationlastpage57es
dc.identifier.publicationtitleGAMES AND ECONOMIC BEHAVIORen
dc.identifier.publicationvolume128es
dc.identifier.urihttps://hdl.handle.net/10016/35279
dc.identifier.uxxiAR/0000029893
dc.language.isoenges
dc.publisherElsevieres
dc.relation.projectIDGobierno de España. PGC2018-098510-B-I00es
dc.relation.projectIDComunidad de Madrid. H2019/HUM-5891es
dc.relation.projectIDComunidad de Madrid. EPUC3M11 (V PRICIT)es
dc.rights© Elsevieres
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.ecienciaEconomíaes
dc.subject.otherElectoral competitionen
dc.subject.otherValenceen
dc.subject.otherPlatform polarizationen
dc.subject.otherComplementsen
dc.titleValence, complementarities, and political polarizationen
dc.typeresearch article*
dc.type.hasVersionAM*
dspace.entity.typePublication
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