Template-Type: ReDIF-Paper 1.0 Author-Name: Massimo Bordignon Author-X-Name-First: Massimo Author-X-Name-Last: Bordignon Author-Email: massimo.bordignon@unicatt.it Author-Workplace-Name: DISCE, Università Cattolica Author-Name: Guido Tabellini Author-X-Name-First: Guido Author-X-Name-Last: Tabellini Author-Email: Author-Workplace-Name: Università Bocconi Title: Moderating Political Extremism: Single Round vs Runoff Elections under Plurality Rule Abstract: We compare single ballot vs dual ballot elections under plurality rule, assuming sincere voting and allowing for partly endogenous party formation. Under the dual ballot, the number of parties is larger but the influence of extremists voters on equilibrium policy is smaller, because their bargaining power is reduced compared to a single ballot election. The predictions on the number of parties and on policy volatility are consistent with data on municipal elections in Italy, where cities with more (less) than 15,000 inhabitants have dual (single) ballots respectively. Length: nn pages 63 Creation-Date: 2009-03 File-URL: http://www.unicatt.it/Istituti/EconomiaFinanza/Quaderni/ief0087.pdf File-Format: Application/pdf File-Function: First version, 2009 Number: ief0087 Classification-JEL: H7 Keywords: political extremism Handle: RePEc:ctc:serie3:ief0087