Electoral competition under the threat of political unrest
AbstractWe study elections in which one party (the strong party) controls a source of political unrest; e.g., this party could instigate riots if it lost the election. We show that the strong party is more likely to win the election when there is less information about its ability to cause unrest. This is because when the weak party is better informed, it can more reliably prevent political unrest by implementing a ``centrist'' policy. When there is uncertainty over the credibility of the threat, ``posturing'' by the strong party leads to platform divergence.
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Bibliographic InfoPaper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 457.
Date of creation: Aug 1999
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Web page: http://www.econ.upf.edu/
Electoral competition; political unrest; asymmetric information; platform divergence;
Other versions of this item:
- Matthew Ellman & Leonard Wantchekon, 2000. "Electoral Competition Under The Threat Of Political Unrest," The Quarterly Journal of Economics, MIT Press, vol. 115(2), pages 499-531, May.
- 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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- 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.
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