The War of Information
AbstractWe analyze political campaigns between two parties with opposing interests. Parties pay a cost to provide information to a voter who chooses the policy. The information flow is continuous and stops when parties quit. The parties' actions are strategic substitutes: a party with a lower cost provides more but its opponent provides less information. For voters, the parties' actions are complements and raising the low-cost party's cost may be beneficial. Asymmetric information adds a signaling component in the form of a belief-threshold beyond which unfavorable information is offset by the informed party's decision to continue campaigning.
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Bibliographic InfoPaper provided by Princeton University, Research Program in Political Economy in its series Papers with number 9-13-2010.
Date of creation: Sep 2010
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Other versions of this item:
- NEP-ALL-2011-03-19 (All new papers)
- NEP-CDM-2011-03-19 (Collective Decision-Making)
- NEP-CTA-2011-03-19 (Contract Theory & Applications)
- NEP-POL-2011-03-19 (Positive Political Economics)
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