Citizen Candidacy with Asymmetric Information
AbstractWe extend a simple version of the citizen candidates model (developed by Osborne-Slivinsky (1996) and Besley-Coate (1997)) to an asymmetric information setting, in which the type of a given individual is assumed to be private information. Focusing on a particular class of perfect Bayesian equilibria, we show that there exist two kinds of equilibria. In the first one, both non-median types become candidates and those equilibria generalize to any number of (potential) candidates. In the second one, only one of the non-median types chooses to become candidates for the election and those equilibria hold for a number of (potential) candidates at most equal to three. This is in sharp contrast with the complete information framework in which only the median type individuals stand for office when the entry cost is sufficiently low.
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 3886.
Date of creation: May 2003
Date of revision:
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Other versions of this item:
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
This paper has been announced in the following NEP Reports:
- NEP-POL-2003-07-13 (Positive Political Economics)
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