«It’s the Challenger, Stupid!»: Elections and the Theory of Rank-Order Tournaments (2007)

Democratic elections look very much like a contest where voters have to compare the candidates according to an ordinal ranking. Nevertheless, the theory of tournaments has not yet been applied to Political Economics. Therefore, we deploy tournament models to analyse elections. The main difference between tournaments in a firm and election tournaments is a systematic asymmetry between the

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Eichenberger Reiner, Funk Michael