Duverger's Hypothesis, the Run-Off Rule, and Electoral Competition
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I analyze a model of electoral competition with entry under the run-off rule. I consider both two- and multiple-party systems. The principal result is that two-party systems may prove stable under the run-off rule: I show that a continuum of equilibria exists in which only two parties enter and subsequent entry is deterred. This finding conflicts with the accepted wisdom on the run-off rule encapsulated by Duverger's Hypothesis. The results of the model are then reconciled with Duverger's Hypothesis and a more precise formulation is proposed.
1988 ◽
Vol 18
(3)
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pp. 513-515
2005 ◽
Vol 47
(02)
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pp. 103-142
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2017 ◽
Vol 104
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pp. 494-506
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2020 ◽
Vol 14
(3)
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pp. 35-45
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