Information and Extremism in Elections
AbstractWe show that informative political campaigns can increase political extremism and decrease voter welfare. We present a model of elections in which candidate ideology is strategically selected prior to a campaign which reveals information about candidate quality. Documented means by which campaigns can harm voters are not present in our model; special interest groups, fundraising, and biased or private information are not part of the analysis. Even under these optimistic assumptions, informative campaigns have negative consequences. Our results have implications regarding media coverage, the number of debates, and campaign finance reform.
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Bibliographic InfoPaper provided by University of Miami, Department of Economics in its series Working Papers with number 2013-04.
Length: 32 pages
Date of creation: 04 Nov 2012
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Campaigns; elections; persuasion; policy divergence; probabilistic voting;
Find related papers by JEL classification:
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-02-03 (All new papers)
- NEP-MIC-2013-02-03 (Microeconomics)
- NEP-POL-2013-02-03 (Positive Political Economics)
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