Reputation and Rhetoric in Elections
AbstractWe analyze conditions under which campaign rhetoric may affect the beliefs of the voters over what policy will be implemented by the winning candidate of an election. We develop a model of repeated elections with complete information in which candidates are purely ideological. We analyze an equilibrium in which voters’ strategies involve a credible threat to punish candidates who renege of their campaign promises, and all campaign promises are believed by voters, and honored by candidates. We characterize the maximal credible campaign promises and obtain that the degree to which promises are credible in equilibrium is an increasing function of the value of a candidate’s reputation.
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Bibliographic InfoPaper provided by Penn Institute for Economic Research, Department of Economics, University of Pennsylvania in its series PIER Working Paper Archive with number 05-027.
Length: 43 pages
Date of creation: 11 Apr 2005
Date of revision: 01 Sep 2005
Repeated Elections; Commitment; Reputation;
Other versions of this item:
- Enriqueta Aragones & Thomas R. Palfrey & Andrew Postlewaite, 2005. "Reputation and Rhetoric in Elections," PIER Working Paper Archive 05-021, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Enriqueta AragonÃ¨s & Thomas R. Palfrey & Andrew Postlewaite, 2005. "Reputation and Rhetoric in Elections," Working Papers 236, Barcelona Graduate School of Economics.
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-10-08 (All new papers)
- NEP-CDM-2005-10-08 (Collective Decision-Making)
- NEP-POL-2005-10-08 (Positive Political Economics)
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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- Matteo Triossi, 2006. "Reliability and Responsibility: A Theory of Endogenous Commitment," Carlo Alberto Notebooks 21, Collegio Carlo Alberto.
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