Information Transmission In The Absence Of Commitment
AbstractI consider an election with candidate entry and a state variable that affects all players’ utility, as it translates their ideal points. Candidates are informed of the realization of the state, whilst voters are not. I study the effect of candidates’ commitment on equilibria. I show that if they cannot commit, their private information is of no consequence for the election (i.e. even in a decisiontheoretic sense). Instead, when they can commit this is a standard signaling game.
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Bibliographic InfoPaper provided by Universidad Carlos III, Departamento de Economía in its series Economics Working Papers with number we053018.
Date of creation: Apr 2005
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