Pandering, Faith and Electoral Competition
AbstractWe 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. We explore under which conditions candidates always propose the ex-post optimal policy for the voters. The model is extended to include strategic voting, policy-motivated candidates, 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 2012-22A.
Length: 34 pages
Date of creation: Jan 2013
Date of revision:
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More information through EDIRC
pandering; elections; information aggregation;
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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-06-16 (All new papers)
- NEP-CDM-2013-06-16 (Collective Decision-Making)
- NEP-CTA-2013-06-16 (Contract Theory & Applications)
- NEP-POL-2013-06-16 (Positive Political Economics)
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