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Professor, Department of Public Finance, National Chengchi University. (Corresponding author); Revenue Officer, Zhongzheng Branch, National Taxation Bureau of Taipei, Ministry of Finance; Associate Professor, Department of Economics, Shih Hsin University.
Game-Theoretic Analysis of Making aConcession Decision in an Election Download
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In Taiwan, a phenomenon commonly occurs that the candidates of a political party yield to other candidates in election campaigns. This paper establishes a model of game theory in which candidates can decide whether to make a concession in an election when the candidates of another party with similar attributes are running for election. In the case of candidates who do not know the capability of other party candidates, it is easier for candidates to start the concession mechanism when the proportion of a strong type among the other candidates is large and when the candidates from another party concede more benefits.