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Moderating Elections

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Author Info

  • ALESINA, A.
  • ROSENTHAL, H.

Abstract

This paper extends the spatial theory of voting to an institutional structure in which policy choices are a function of the composition of the legislature and of the executive. In an institutional setup in which the policy outcome depends upon relative plurality, each voter has incentives to be strategic since the outcome depends upon how everybody else votes. By applying to this game between voters the refinements of Strong Nash and Coalition Proof Nash we prove existence of equilibria with properties which appear intuitive and realistic. In fact, the model has several testable implications which seem consistent with some observed patterns of voting behavior in the United States and perhaps in other democracies in which the executive is directly elected. For instance, the model predicts: a) split-ticket voting; b) for some parameter values, a split government with different parties controlling the executive and the majority of the legislature; and c) the mid-term electoral cycle.

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Bibliographic Info

Paper provided by Massachusetts Institute of Technology (MIT), Department of Economics in its series Working papers with number 537.

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Length: 38 pages
Date of creation: 1989
Date of revision:
Handle: RePEc:mit:worpap:537

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Postal: MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), DEPARTMENT OF ECONOMICS, 50 MEMORIAL DRIVE CAMBRIDGE MASSACHUSETTS 02142 USA
Phone: (617) 253-3361
Fax: (617) 253-1330
Web page: http://econ-www.mit.edu/
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Postal: MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), DEPARTMENT OF ECONOMICS, 50 MEMORIAL DRIVE CAMBRIDGE MASSACHUSETTS 02142 USA
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Related research

Keywords: voting ; economic models;

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References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. Alberto Alesina & Howard Rosenthal, 1988. "Partisan Cycles in Congressional Elections and the Macroeconomy," NBER Working Papers 2706, National Bureau of Economic Research, Inc.
  2. Alesina, Alberto, 1988. "Credibility and Policy Convergence in a Two-Party System with Rational Voters," American Economic Review, American Economic Association, vol. 78(4), pages 796-805, September.
  3. Bernheim, B. Douglas & Peleg, Bezalel & Whinston, Michael D., 1987. "Coalition-Proof Nash Equilibria I. Concepts," Journal of Economic Theory, Elsevier, vol. 42(1), pages 1-12, June.
  4. Palfrey, Thomas R, 1984. "Spatial Equilibrium with Entry," Review of Economic Studies, Wiley Blackwell, vol. 51(1), pages 139-56, January.
  5. Wittman, Donald, 1977. "Candidates with policy preferences: A dynamic model," Journal of Economic Theory, Elsevier, vol. 14(1), pages 180-189, February.
  6. Austen-Smith, David & Banks, Jeffrey., 1987. "Elections, Coalitions, and Legislative Outcomes," Working Papers 643, California Institute of Technology, Division of the Humanities and Social Sciences.
  7. Greenberg, Joseph, 1989. "Deriving strong and coalition-proof nash equilibria from an abstract system," Journal of Economic Theory, Elsevier, vol. 49(1), pages 195-202, October.
  8. Rosenthal, Howard & Alesina, Alberto, 1989. "Partisan Cycles in Congressional Elections and the Macroeconomy," Scholarly Articles 4553031, Harvard University Department of Economics.
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Cited by:
  1. Poonam Gupta & Arvind Panagariya, 2011. "India: Election Outcomes and Economic Performance," Working Papers 9999, School of International and Public Affairs, Columbia University, revised Apr 2011.
  2. Poonam Gupta & Arvind Panagariya, 2011. "Growth and Election Outcomes in a Developing Country," Working Papers 1115, School of International and Public Affairs, Columbia University, revised Aug 2011.

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