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1)The median voter theorem says that candidates will always locate where the median voter is situated along a linear policy spectrum. An implicit assumption in the model is that all voters will turn out to vote for a candidate closest to their policy position. Let us see what happens if some voters sit out an election if both candidates are too far from their positions. Suppose there are three types of voters – Liberal (L) who are located between and in the policy spectrum. These individuals participate in the electoral process if and only if there is at least one candidate within their
1)The median voter theorem says that candidates will always locate where the median voter is situated along a linear policy spectrum. An implicit assumption…