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Policy-Motivated Candidates, Noisy Platforms, and Non-robustness

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 Lagerlof, Johan

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Abstract

This paper develops a model of a two-candidate election in which the candidates are mainly office-motivated but also to some (arbitrarily small) extent policy-motivated, and their chosen platforms are to some (arbitrarily small) extent noisy. The platforms' being noisy means that if a candidate has chosen a particular platform, the voter's perception is that she has, with positive probability, actually chosen some other platform. It is shown that (i) an equilibrium in which the candidates play pure exists whether or not there is a Condorcet winner among the policy alternatives, and (ii) in this equilibrium the candidates choose their own favorite platforms, which means that the platforms do not converge. Copyright 2003 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Public Choice.

Volume (Year): 114 (2003)
Issue (Month): 3-4 (March)
Pages: 319-47
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Handle: RePEc:kap:pubcho:v:114:y:2003:i:3-4:p:319-47

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  1. Persson, Torsten & Tabellini, Guido, 1997. "Political Economics and Macroeconomic Policy," CEPR Discussion Papers 1759, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  2. Levine, David K. & Martinelli, Cesar, 1998. "Reputation with Noisy Precommitment," Journal of Economic Theory, Elsevier, vol. 78(1), pages 55-75, January. [Downloadable!] (restricted)
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  3. Avinash Dixit & Gene M. Grossman & Faruk Gul, 2000. "The Dynamics of Political Compromise," Journal of Political Economy, University of Chicago Press, vol. 108(3), pages 531-568, June. [Downloadable!] (restricted)
  4. Kyle Bagwell, 1992. "Commitment and Observability in Games," Discussion Papers 1014, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
  5. Gary J. Miller, 1997. "The Impact of Economics on Contemporary Political Science," Journal of Economic Literature, American Economic Association, vol. 35(3), pages 1173-1204, September. [Downloadable!] (restricted)
  6. Huck, Steffen & Muller, Wieland, 2000. "Perfect versus Imperfect Observability--An Experimental Test of Bagwell's Result," Games and Economic Behavior, Elsevier, vol. 31(2), pages 174-190, May. [Downloadable!] (restricted)
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  7. Giovanni Maggi, 1999. "The Value of Commitment with Imperfect Observability and Private Information," RAND Journal of Economics, The RAND Corporation, vol. 30(4), pages 555-574, Winter. [Downloadable!] (restricted)
  8. Jorg Oechssler & Karl Schlag, 1997. "An Evolutionary Analysis of Bagwell's Example," Game Theory and Information 9704001, EconWPA, revised 11 Apr 1997. [Downloadable!]
  9. V. Bhaskar & Eric van Damme, 1998. "Moral Hazard and Private Monitoring," Game Theory and Information 9809004, EconWPA. [Downloadable!]
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  10. Alesina, Alberto, 1988. "Credibility and Policy Convergence in a Two-Party System with Rational Voters," American Economic Review, American Economic Association, vol. 78(4), pages 796-805, September.
  11. Werner GÜTH & Georg KIRCHSTEIGER & Klaus RITZBERGER, 1995. "Imperfectly Observable Commitments in n-Player Games," Vienna Economics Papers vie9507, University of Vienna, Department of Economics.
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  12. McKelvey, Richard D, 1979. "General Conditions for Global Intransitivities in Formal Voting Models," Econometrica, Econometric Society, vol. 47(5), pages 1085-1112, September. [Downloadable!] (restricted)
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