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Electoral Competition and Redistribution with Rationally Informed Voters

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  • Larcinese Valentino

    (London School of Economics and Political Science)

Abstract

In spite of the negligible probability that everyone has to cast a decisive vote, political information can be relevant for a number of private decisions. Under quite mild assumptions, the demand for information is increasing in income. Being informed affects responsiveness to electoral platforms and vote-seeking political parties should take this into account in their optimization process. As a consequence, redistribution is generally lower than what the median voter theorem predicts. Moreover, in contrast with what most literature takes for granted, an increase in inequality does not unambiguously increase redistribution. This is consistent with most empirical research in this field. Finally, an increase in the cost of information induces a reduction in redistribution.

Suggested Citation

  • Larcinese Valentino, 2005. "Electoral Competition and Redistribution with Rationally Informed Voters," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 4(1), pages 1-28, June.
    • Handle: RePEc:bpj:bejeap:v:contributions.4:y:2005:i:1:n:4
    DOI: 10.2202/1538-0645.1366
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    References listed on IDEAS

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    1. National Research Council & Institute of Medicine Panel to review the National Children's Study Research Plan of which Allen Schirm is a member, "undated". "Small-Area Estimates of School-Age Children in Poverty: Interim Report 2, Evaluation of Revised 1993 County Estimates for Title I Allocations," Mathematica Policy Research Reports ea76dc09961d429593186b567, Mathematica Policy Research.
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    Cited by:

    1. Campante, Filipe R., 2011. "Redistribution in a model of voting and campaign contributions," Journal of Public Economics, Elsevier, vol. 95(7-8), pages 646-656, August.
    2. Valentino Larcinese, 2009. "Information Acquisition, Ideology and Turnout: Theory and Evidence From Britain," Journal of Theoretical Politics, , vol. 21(2), pages 237-276, April.
    3. Roland Hodler & Simon Luechinger & Alois Stutzer, 2015. "The Effects of Voting Costs on the Democratic Process and Public Finances," American Economic Journal: Economic Policy, American Economic Association, vol. 7(1), pages 141-171, February.
    4. Lisa Windsteiger, 2017. "The Redistributive Consequences of Segregation," Working Papers tax-mpg-rps-2017-12, Max Planck Institute for Tax Law and Public Finance.
    5. Jo Thori Lind & Dominic Rohner, 2017. "Knowledge is Power: A Theory of Information, Income and Welfare Spending," Economica, London School of Economics and Political Science, vol. 84(336), pages 611-646, October.
    6. Valentino Larcinese, 2007. "The Instrumental Voter Goes To the Newsagent," Journal of Theoretical Politics, , vol. 19(3), pages 249-276, July.
    7. Valentino Larcinese, 2007. "Does political knowledge increase turnout? Evidence from the 1997 British general election," Public Choice, Springer, vol. 131(3), pages 387-411, June.
    8. Roland Hodler, 2010. "Compulsory Voting and Public Finance," Working Papers 10.04, Swiss National Bank, Study Center Gerzensee.
    9. Hortala-Vallve, Rafael & Larcinese, Valentino, 2017. "The Perverse Consequences of Policy Restrictions in the Presence of Asymmetric Information," Political Science Research and Methods, Cambridge University Press, vol. 5(3), pages 411-425, July.
    10. repec:cep:stieop:48 is not listed on IDEAS
    11. Lisa Windsteiger, 2018. "Monopolistic Supply of Sorting, Inequality and Welfare," Working Papers tax-mpg-rps-2018-15, Max Planck Institute for Tax Law and Public Finance.
    12. Lisa Windsteiger, 2018. "Sorting in the Presence of Misperceptions," Working Papers tax-mpg-rps-2018-08, Max Planck Institute for Tax Law and Public Finance.
    13. Windsteiger, Lisa, 2022. "The redistributive consequences of segregation and misperceptions," European Economic Review, Elsevier, vol. 144(C).

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