We investigate a kind of competition possible in a system of at least three populations competing for the same limited resource. As a model we use generalised Volterra equations in which the growth rates and competition coefficients of populations depend on the number of members of all populations. Because of the nonconstant values of the last quantities the system could be repelled from the state of cyclic pairwise competition described by May and Leonard (SIAM J. Appl. Math. 29 (1975) 243.). We investigate the competition in a chaotic regime of evolution of the number of members of populations. We show that the nonconstant competition coefficients can lead to a regularisation of the time intervals of domination of each population and the non-constant growth rates can lead to decreasing length of the time intervals of domination as well as to chaotisation of the occurrence of these intervals. A quantity characterising the time intervals between the successive maxima of the number of the populations individuals is discussed. By means of the wavelet transform modulus maxima method we calculate the tau(q)-spectrum and the Hölder exponent for the time series of this quantity. The results of the theory are illustrated by an example of competition among the three main political parties in Bulgaria and we discuss qualitative aspects of the dynamics of change of preferences of voters.