SINGAPORE ECONOMIC REVIEW, vol.60, no.5, 2015 (SSCI)
I analyze a model of electoral competition in which candidates' need of credibility restricts their policy choice to a subset of the policy space, their ideology set. I focus on three party competition where candidates care about winning and their share of votes. I show that centrist parties are highly disadvantaged compared to leftist and rightist ones losing the election under a wide range of parameters. I also show that centrist parties' winning opportunities increase under a run-off system.