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Citizen Candidacy With Asymmetric Information

Author

Listed:
  • Casamatta Georges

    (GREMAQ-CNRS, University of Toulouse and CEPR, georges.casamatta@univ-tlse1.fr)

  • Sand-Zantman Wilfried

    (LASER-LAEC, University of Montpellier, and GREMAQ-IDEI, University of Toulouse, zantman@univ-tlse1.fr)

Abstract

We extend a simple version of the citizen candidacy model (developed by Osborne-Slivinski (1996) and Besley-Coate (1997)) to an asymmetric information setting, in which the type of a given individual is assumed to be private information. Focusing on a particular class of perfect Bayesian equilibria, we show that there exist only two kinds of equilibria. In the first one, both non-median types become candidates and those equilibria generalize to any number of (potential) candidates. In the second one, only one of the non-median types chooses to become candidates for the election and those equilibria hold for a number of (potential) candidates at most equal to 3. This is in sharp contrast with the complete information framework in which only the median type individuals stand for office when the entry cost is sufficiently low.

Suggested Citation

  • 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.
    • Handle: RePEc:bpj:bejtec:v:topics.5:y:2006:i:1:n:3
    DOI: 10.2202/1534-598X.1244
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    Keywords

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    JEL classification:

    • 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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