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Elections, Private Information, and State-Dependent Candidate Quality

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Author Info

  • Thomas Jensen

    (Department of Economics, University of Copenhagen)

Abstract

In this paper we contribute to the study of how democracy works when politicians are better informed than the electorate about conditions relevant for policy choice. We do so by setting up and analyzing a game theoretic model of electoral competition. An important feature of the model is that candidate quality is state-dependent. Our main insight is that if the electorate is sufficiently well informed then there exists an equilibrium where the candidates' policy positions reveal their information and the policy outcome is the same as it would be if voters were fully informed (the median policy in the true state of the world).

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File URL: http://www.econ.ku.dk/english/research/publications/wp/2007/0713.pdf/
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Bibliographic Info

Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 07-13.

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Length: 15 pages
Date of creation: Jul 2007
Date of revision:
Handle: RePEc:kud:kuiedp:0713

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Related research

Keywords: electoral competition; uncertainty; private information; candidate quality; revealing equilibria;

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  1. Harrington, Joseph E, Jr, 1993. "Economic Policy, Economic Performance, and Elections," American Economic Review, American Economic Association, vol. 83(1), pages 27-42, March.
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Cited by:
  1. Denter, Philipp, 2013. "A theory of communication in political campaigns," Economics Working Paper Series 1302, University of St. Gallen, School of Economics and Political Science.

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