Pandering, Faith and Electoral Competition
AbstractThis paper investigates a common criticism of competitive elections: candidates pander to voters and choose the most popular platform, regardless of it being optimal for the voters. I study an election with two perfectly informed candidates. Voters share common values over the policy outcome of the election, but possess arbitrarily little information about which policy is best for them. Voters elect one of the candidates, effectively choosing between the two policies proposed by the candidates. The model is extended to include strategic voting, policy-motivated or imperfectly informed candidates, and heterogeneous preferences.
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Bibliographic InfoPaper provided by School of Economics, The University of New South Wales in its series Discussion Papers with number 2012-22.
Length: 41 pages
Date of creation: Dec 2011
Date of revision:
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More information through EDIRC
pandering; information aggregation; elections; Downsian candidates.;
Other versions of this item:
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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