Assignment:
Essay
The median voter model discussed above is based on many assumptions. For example,
1. Political parties only care about office.
2. The bliss points of voters are uniformly distributed.
In your essay you should first analyze how the outcomes of the median voter model are affected by the assumption that the bliss points of voters are uniformly distributed.
To this end, assume instead that the bliss points of voters are distributed as in Figure below.
Figure: Alternative distribution of votor bliss points
Next, you should show how the outcomes of the median voter model are affected by replacing the assumption that political parties only care about winning the election by the assumption that political parties are ideological, that is they care about policy outcomes, like voters do. Assume that parties have different ideologies. Assume again that the bliss points of voters are uniformly distributed on [20, 110] and that parties must implement what they promise in case they get elected.
Attachment:- Median Voter Model.rar