Repeated Elections with Asymmetric Information
AbstractAn infinite sequence of elections with no term limits is modelled. In each period a challenger with privately known preferences is randomly drawn from the electorate to run against the incumbent, and the winner chooses a policy outcome in a one-dimensional issue space. One theorem is that there exists an equilibrium in which the median voter is decisive: an incumbent wins re-election if and only if his most recent policy choice gives the median voter a payoff at least as high as he would expect from a challenger. The equilibrium is symmetric, stationary, and the behavior of voters is consistent with both retrospective and prospective voting. A second theorem is that, in fact, it is the only equilibrium possessing the latter four conditions - decisiveness of the median voter is implied by them. Copyright Blackwell Publishers Ltd 2000.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by University of Rochester - Wallis Institute of Political Economy in its series Wallis Working Papers with number WP9.
Date of creation:
Date of revision:
Contact details of provider:
Postal: University of Rochester, Wallis Institute, Harkness 109B Rochester, New York 14627 U.S.A.
Other versions of this item:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Casamatta, Georges & De Paoli, Caroline, 2004. "Ex Post Inefficiency in a Political Agency Model," CEPR Discussion Papers 4275, C.E.P.R. Discussion Papers.
- Casamatta, Georges & Cremer, Helmuth & De Donder, Philippe, 2008.
"Repeated electoral competition over non-linear income tax schedules,"
CEPR Discussion Papers
7054, C.E.P.R. Discussion Papers.
- Georges Casamatta & Helmuth Cremer & Philippe De Donder, 2010. "Repeated electoral competition over nonlinear income tax schedules," Social Choice and Welfare, Springer, vol. 35(4), pages 535-574, October.
- Jean Guillaume Forand & John Duggan, 2013. "Markovian Elections," Working Papers 1305, University of Waterloo, Department of Economics, revised Oct 2013.
- Mohamed, Issam A.W., 2010. "Tyrannical Greed and National Disintegration of the Sudanese Nation," MPRA Paper 31812, University Library of Munich, Germany.
- John Duggan & Mark Fey, .
"Electoral Competition with Policy-Motivated Candidates,"
Wallis Working Papers
WP19, University of Rochester - Wallis Institute of Political Economy.
- Duggan, John & Fey, Mark, 2005. "Electoral competition with policy-motivated candidates," Games and Economic Behavior, Elsevier, vol. 51(2), pages 490-522, May.
- Casamatta Georges & Sand-Zantman Wilfried, 2006.
"Citizen Candidacy With Asymmetric Information,"
The B.E. Journal of Theoretical Economics,
De Gruyter, vol. 5(1), pages 1-41, February.
- Forand, Jean Guillaume, 2014.
"Two-party competition with persistent policies,"
Journal of Economic Theory,
Elsevier, vol. 152(C), pages 64-91.
- Machado, Fabiana, 2011. "Inequality, Uncertainty, and Redistribution," MPRA Paper 35665, University Library of Munich, Germany.
- Tasos Kalandrakis, 2008.
"A Reputational Theory of Two Party Competition,"
Wallis Working Papers
WP57, University of Rochester - Wallis Institute of Political Economy.
- Kalandrakis, Tasos, 2009. "A Reputational Theory of Two-Party Competition," International Quarterly Journal of Political Science, now publishers, vol. 4(4), pages 343-378, December.
- Cecilia Testa, 2004. "Party Polarization and Electoral Accountability," Econometric Society 2004 Latin American Meetings 130, Econometric Society.
- Jan Klingelhöfer, 2012. "Lexicographic Voting," CESifo Working Paper Series 3764, CESifo Group Munich.
- Bernhardt, Dan & Campuzano, Larissa & Squintani, Francesco & Câmara, Odilon, 2009. "On the benefits of party competition," Games and Economic Behavior, Elsevier, vol. 66(2), pages 685-707, July.
- John Duggan, 2013. "A Folk Theorem for Repeated Elections with Adverse Selection," Wallis Working Papers WP63, University of Rochester - Wallis Institute of Political Economy.
- Bernhardt, Dan & Dubey, Sangita & Hughson, Eric, 2004. "Term limits and pork barrel politics," Journal of Public Economics, Elsevier, vol. 88(12), pages 2383-2422, December.
- John Duggan & Mark Fey, 2006. "Repeated Downsian electoral competition," International Journal of Game Theory, Springer, vol. 35(1), pages 39-69, December.
- Banks, Jeffrey S. & Duggan, John, 2008.
"A Dynamic Model of Democratic Elections in Multidimensional Policy Spaces,"
International Quarterly Journal of Political Science,
now publishers, vol. 3(3), pages 269-299, October.
- John Duggan & Jeffrey S. Banks, 2008. "A Dynamic Model of Democratic Elections in Multidimensional Policy Spaces," Wallis Working Papers WP53, University of Rochester - Wallis Institute of Political Economy.
- Callander, Steven & Wilkie, Simon, 2007. "Lies, damned lies, and political campaigns," Games and Economic Behavior, Elsevier, vol. 60(2), pages 262-286, August.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gabriel Mihalache).
If references are entirely missing, you can add them using this form.