Chapter

Political Equilibrium

Volume 4 of the series Studies in Public Choice pp 181-195

The Entry Problem in a Political Race

  • Steven J. Brams
  • , Philip D. StraffinJr.

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Abstract

The two-party system has exhibited a remarkable stability in the United States and certain other countries. With the exception of recent work by William H. Riker (1976), however, no formal, rational-choice models have been developed to explain its persistence, or lack thereof.