The formation of a new political party and the political equilibrium: an application of the game theory

Κώστας Βελέντζας; Γιάννης Παπαναστασίου; Γεώργιος Δ. Τσιότρας

The formation of a new political party and the political equilibrium: an application of the game theory

Authors

Κώστας Βελέντζας
Γιάννης Παπαναστασίου
Γεώργιος Δ. Τσιότρας

Keywords:

Game theory, political parties, politics and goverment

Abstract

In this paper we apply the concepts of game theory on a political environment characterized by the existence of two dominant parties. Specifically, we analyze the effects that a new party will have on the behaviour of the established parties.

JEL Classification: C70, D72

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Published

18-10-2002

How to Cite

Βελέντζας Κ., Παπαναστασίου Γ., & Τσιότρας Γ. Δ. (2002). The formation of a new political party and the political equilibrium: an application of the game theory. SPOUDAI Journal of Economics and Business, 52(4), 142–154. Retrieved from http://spoudai.org/index.php/journal/article/view/472