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Calculate the PSNE of the Downsian Competition when there are (i) 3, (ii) 4 and (iii) 5 candidates. If you think that PSNE does not
Calculate the PSNE of the Downsian Competition when there are (i) 3, (ii) 4 and (iii) 5 candidates. If you think that PSNE does not exist in any of these cases, clearly explain why. Hint: there are uncountably many possibilities. Thus, think systematically, i.e., can we have a PSNE at which they all propose the same policy, can we have a PSNE at which they all propose different policies, etc
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Systems analysis and design in a changing world
Authors: John W. Satzinger, Robert B. Jackson, Stephen D. Burd
5th edition
9780324593778, 1423902289, 9781305117204, 324593775, 978-1423902287
