Strategic Vote Splitting in Elections
We study vote splitting in elections. Vote splitting refers to the phenomenon that the participation of candidates with little chances of winning has the effect of splitting votes away from more popular candidates. We develop a model of an electoral game with two parties, each consisting of one strong candidate and some weak candidates. We analyze strong candidates' incentives to give side transfers to weak candidates to manipulate their campaign participation decisions. We then derive the winning probabilities of the strong candidates in equilibrium.