Voting Behavior and Information Aggregation in Elections with Private Information
AbstractThe authors analyze two-candidate elections in which voters are uncertain about the realization of a state variable that affects the utility of all voters. They assume each voter has noisy private information about the state variable. The authors show that, in equilibrium, almost all voters ignore their private signal when voting. Nevertheless, elections fully aggregate information in the sense that the chosen candidate would not change if all private information were common knowledge.
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Bibliographic InfoArticle provided by Econometric Society in its journal Econometrica.
Volume (Year): 65 (1997)
Issue (Month): 5 (September)
Other versions of this item:
- Timothy Feddersen & Wolfgang Pesendorfer, 1997. "Voting Behavior and Information Aggregation in Elections With Private Information," Levine's Working Paper Archive 1560, David K. Levine.
- Timothy Feddersen & Wolfgang Pesendorfer, 1994. "Voting Behavior and Information Aggregation in Elections with Private Information," Discussion Papers 1117, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Milgrom, Paul R & Weber, Robert J, 1982.
"A Theory of Auctions and Competitive Bidding,"
Econometric Society, vol. 50(5), pages 1089-1122, September.
- Timothy J. Feddersen & Wolfgang Pesendorfer, 1995.
"The Swing Voter's Curse,"
1064, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Wilson, Robert, 1977. "A Bidding Model of Perfect Competition," Review of Economic Studies, Wiley Blackwell, vol. 44(3), pages 511-18, October.
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