RT Journal Article
T1 Valence, complementarities, and political polarization
A1 Denter, Philipp
AB I 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.
PB Elsevier
SN 0899-8256
YR 2021
FD 2021-07-01
LK https://hdl.handle.net/10016/35279
UL https://hdl.handle.net/10016/35279
LA eng
NO I gratefully acknowledge the support from theMinisterio de Economía y Competitividad (Spain) through grant PGC2018-098510-B-I00 and from the Comunidad de Madrid (Spain) through grantsEPUC3M11 (V PRICIT) and H2019/HUM-5891.
DS e-Archivo
RD 1 sept. 2024