Political Media Contests and Confirmatory Bias
AbstractThis paper models a two-period media contest between two political candidates campaigning to win an election. Two main cases are examined. In the first case voters behave as unbiased Bayesian updaters when assessing political information. The second case considers voters suffering from confirmatory bias. In the first case I find that candidates spend equal amounts of their campaign funds in both periods in equilibrium. In the second case, candidates spend more in period one. A candidate with better media access (in period one) does, however, better if voters suﬀer from confirmatory bias than if they do not.
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Bibliographic InfoPaper provided by Stockholm University, Department of Economics in its series Research Papers in Economics with number 2002:3.
Length: 25 pages
Date of creation: 29 Jan 2002
Date of revision:
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Election campaigns; voting behavior; confirmatory bias. Election campaigns; voting behavior; confirmatory bias. Election campaigns; voting behavior; confirmatory bias. Election campaigns; voting behavior; confirmatory bias;
Find related papers by JEL classification:
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-04-15 (All new papers)
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