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Asymmetric Information And Electoral Campaigns: The Monitoring Role Of Media

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  • Ascensión Andina

    ()
    (Universidad de Alicante)

Abstract

This paper analyzes an electoral game where candidates have private information on their own types. Candidates propose non-binding platforms and run for office. Voters make inferences on the politicians' types and cast their votes. We show that in this set-up, the existence of a media industry is desirable, as it improves the quality of the political game by increasing the accuracy of the candidates' signals. In particular, it induces politicians to discard the use of pooling strategies. We show that this monitoring role of the media is more likely to appear in societies with large numbers of swing voters, or with great competition among the media. We do this analysis in a context of a neutral media. We also analyze the case of an ideological media and show that ideology is not harmful per se, but the possibility of asymmetries in the support of different candidates may well be.

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Bibliographic Info

Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 2004-32.

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Length: 36 pages
Date of creation: Sep 2004
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasad:2004-32

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Related research

Keywords: Uncertainty; electoral campaigns; media.;

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References

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  1. Ascensión Andina Díaz, 2004. "Political Competition when Media Create Candidates’ Charisma," Working Papers 2004.134, Fondazione Eni Enrico Mattei.
  2. Joseph E. Harrington, 1992. "The Revelation Of Information Through The Electoral Process: An Exploratory Analysis," Economics and Politics, Wiley Blackwell, vol. 4(3), pages 255-276, November.
  3. John Ferejohn, 1986. "Incumbent performance and electoral control," Public Choice, Springer, vol. 50(1), pages 5-25, January.
  4. Potters, Jan & Sloof, Randolph & van Winden, Frans, 1997. "Campaign expenditures, contributions and direct endorsements: The strategic use of information and money to influence voter behavior," European Journal of Political Economy, Elsevier, vol. 13(1), pages 1-31, February.
  5. Timothy Besley & Andrea Prat, 2006. "Handcuffs for the Grabbing Hand? Media Capture and Government Accountability," American Economic Review, American Economic Association, vol. 96(3), pages 720-736, June.
  6. Timothy Besley & Robin Burgess, 2000. "The Political Economy of Government Responsiveness: Theory and Evidence from India," STICERD - Development Economics Papers - From 2008 this series has been superseded by Economic Organisation and Public Policy Discussion Papers 28, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
  7. AlÌcia Adserý, 2003. "Are You Being Served? Political Accountability and Quality of Government," Journal of Law, Economics and Organization, Oxford University Press, vol. 19(2), pages 445-490, October.
  8. Stromberg, David, 2001. "Mass media and public policy," European Economic Review, Elsevier, vol. 45(4-6), pages 652-663, May.
  9. Banks, Jeffrey S., 1990. "A model of electoral competition with incomplete information," Journal of Economic Theory, Elsevier, vol. 50(2), pages 309-325, April.
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Cited by:
  1. Ascensión Andina Díaz, 2009. "Media bias and electoral competition," Investigaciones Economicas, Fundación SEPI, vol. 33(2), pages 211-231, May.
  2. Ascensión Andina Díaz, 2004. "Political Competition when Media Create Candidates’ Charisma," Working Papers 2004.134, Fondazione Eni Enrico Mattei.

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