29. A continuous distribution of voters’ ideal points is symmetric and bimodal, as illustrated below. Determine the extended median for the distribution. If Candidate announces a policy position of 2.75, then what is the greatest value that can announce as a policy position and still be in equilibrium with ? Similarly, what is the least value that can announce and still be in equilibrium?
29.
The extended median is [2, 3]. The greatest value that can announce and still be in equilibrium with is 3. The least value that can announce and still be in equilibrium with is 2.