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Reliability and Responsibility: A Theory of Endogenous Commitment

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Author Info
Matteo Triossi

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Abstract

A common assumption in Political Science literature is policy commitment: candidates maintain their electoral promises. We drop such assumption and we show that costless electoral campaign can be an effective way of transmitting information to voters. The result is robust to relevant equilibrium refinements. An unavoidable proportion of ambiguous politicians emerges.

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Publisher Info
Paper provided by Collegio Carlo Alberto in its series Carlo Alberto Notebooks with number 21.

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Length: 30 pages
Date of creation: 2006
Date of revision:
Handle: RePEc:cca:wpaper:21

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Related research
Keywords: Information Transmission; Electoral Campaign; Endogenous Commitment.;

Find related papers by JEL classification:
D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior
P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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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.:
  1. Enriqueta Aragonès & Thomas R. Palfrey & Andrew Postlewaite, 2005. "Reputation and Rhetoric in Elections," PIER Working Paper Archive 05-027, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 01 Sep 2005. [Downloadable!]
    Other versions:
  2. B. Douglas Bernheim & Sergei Severinov, 2003. "Bequests as Signals: An Explanation for the Equal Division Puzzle," Journal of Political Economy, University of Chicago Press, vol. 111(4), pages 733-764, August. [Downloadable!] (restricted)
    Other versions:
  3. Banks, Jeffrey S & Sobel, Joel, 1987. "Equilibrium Selection in Signaling Games," Econometrica, Econometric Society, vol. 55(3), pages 647-61, May. [Downloadable!] (restricted)
    Other versions:
  4. Navin Kartik, 2005. "Information Transmission with Cheap and Almost-Cheap Talk," NajEcon Working Paper Reviews 666156000000000650, www.najecon.org. [Downloadable!]
  5. Banks, Jeffrey S., 1990. "A model of electoral competition with incomplete information," Journal of Economic Theory, Elsevier, vol. 50(2), pages 309-325, April. [Downloadable!] (restricted)
  6. Krishna, Vijay & Morgan, John, 2004. "The art of conversation: eliciting information from experts through multi-stage communication," Journal of Economic Theory, Elsevier, vol. 117(2), pages 147-179, August. [Downloadable!] (restricted)
  7. Callander, Steven & Wilkie, Simon, 2007. "Lies, damned lies, and political campaigns," Games and Economic Behavior, Elsevier, vol. 60(2), pages 262-286, August. [Downloadable!] (restricted)
  8. Crawford, Vincent P & Sobel, Joel, 1982. "Strategic Information Transmission," Econometrica, Econometric Society, vol. 50(6), pages 1431-51, November. [Downloadable!] (restricted)
  9. 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.
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This page was last updated on 2009-11-30.

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