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Signaling and Election Motivations in a Voting Model with Common Values and Responsive Candidates

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  • Ronny Razin

Abstract

In this paper we focus on strategic voting behavior when both an election and a signaling motivation affect voters' behavior. We analyze a model of elections with two candidates competing on a one-dimensional policy space. Voters are privately and imperfectly informed about a common shock affecting the electorate's preferences. Candidates are assumed to choose policy in response to information gleaned from election results and according to exogenous factors that may lead to polarization in candidates' policy choices. We analyze a subset of symmetric equilibria in which strategies are symmetric to candidates' names and private signals (CSS equilibria). We show that signaling and election motivations pull voters to vote in different directions. We provide conditions that show the relation between the amount of information aggregated in the election and the motivation that influences voting behavior the most. Finally, we show that when candidates are responsive and polarized, all CSS equilibria are inefficient in the limit. Copyright The Econometric Society 2003.

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  • Ronny Razin, 2003. "Signaling and Election Motivations in a Voting Model with Common Values and Responsive Candidates," Econometrica, Econometric Society, vol. 71(4), pages 1083-1119, July.
  • Handle: RePEc:ecm:emetrp:v:71:y:2003:i:4:p:1083-1119
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    Cited by:

    1. Castanheira, Micael, 2003. "Victory margins and the paradox of voting," European Journal of Political Economy, Elsevier, vol. 19(4), pages 817-841, November.
    2. McMurray, Joseph, 2017. "Voting as communicating: Mandates, multiple candidates, and the signaling voter's curse," Games and Economic Behavior, Elsevier, vol. 102(C), pages 199-223.
    3. repec:aea:aejmic:v:9:y:2017:i:4:p:108-40 is not listed on IDEAS
    4. Filipe R. Campante & Ruben Durante & Francesco Sobbrio, 2013. "Politics 2.0: the Multifaceted Effect of Broadband Internet on Political Participation," Sciences Po publications 19029, Sciences Po.
    5. Raphaël Godefroy & Eduardo Perez-Richet, 2010. "Choosing choices: Agenda selection with uncertain issues," Working Papers halshs-00564976, HAL.
    6. Gratton, Gabriele, 2014. "Pandering and electoral competition," Games and Economic Behavior, Elsevier, vol. 84(C), pages 163-179.
    7. Sobbrio, Francesco & Navarra, Pietro, 2010. "Electoral participation and communicative voting in Europe," European Journal of Political Economy, Elsevier, vol. 26(2), pages 185-207, June.
    8. Iaryczower, Matias, 2007. "Strategic voting in sequential committees," Working Papers 1275, California Institute of Technology, Division of the Humanities and Social Sciences.
    9. Raphael Godefroy & Eduardo Perez‐Richet, 2013. "Choosing Choices: Agenda Selection With Uncertain Issues," Econometrica, Econometric Society, vol. 81(1), pages 221-253, January.
    10. Haldun Evrenk & Chien-Yuan Sher, 2015. "Social interactions in voting behavior: distinguishing between strategic voting and the bandwagon effect," Public Choice, Springer, vol. 162(3), pages 405-423, March.
    11. Callander, Steven, 2008. "Majority rule when voters like to win," Games and Economic Behavior, Elsevier, vol. 64(2), pages 393-420, November.
    12. Hummel, Patrick, 2011. "Abstention and signaling in large repeated elections," Games and Economic Behavior, Elsevier, vol. 72(2), pages 586-593, June.
    13. Alan Gerber & Mitchell Hoffman & John Morgan & Collin Raymond, 2017. "One in a Million: Field Experiments on Perceived Closeness of the Election and Voter Turnout," NBER Working Papers 23071, National Bureau of Economic Research, Inc.
    14. Prato, Carlo & Wolton, Stephane, 2017. "Wisdom of the Crowd? Information Aggregation and Electoral Incentives," MPRA Paper 82753, University Library of Munich, Germany.
    15. Meirowitz, Adam & Shotts, Kenneth W., 2009. "Pivots versus signals in elections," Journal of Economic Theory, Elsevier, vol. 144(2), pages 744-771, March.
    16. Faravelli, Marco & Man, Priscilla & Walsh, Randall, 2015. "Mandate and paternalism: A theory of large elections," Games and Economic Behavior, Elsevier, vol. 93(C), pages 1-23.
    17. Patrick Hummel, 2011. "Proportional versus winner-take-all electoral vote allocations," Public Choice, Springer, vol. 148(3), pages 381-393, September.
    18. Meirowitz, Adam, 2005. "Polling games and information revelation in the Downsian framework," Games and Economic Behavior, Elsevier, vol. 51(2), pages 464-489, May.
    19. S. Ali & Navin Kartik, 2012. "Herding with collective preferences," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 51(3), pages 601-626, November.
    20. Martinelli, Cesar, 2006. "Would rational voters acquire costly information?," Journal of Economic Theory, Elsevier, vol. 129(1), pages 225-251, July.
    21. Kim, Jaehoon & Fey, Mark, 2007. "The swing voter's curse with adversarial preferences," Journal of Economic Theory, Elsevier, vol. 135(1), pages 236-252, July.
    22. Herrera, Helios & Llorente-Saguer, Aniol & McMurray, Joseph C., 2016. "The Marginal Voter's Curse," CEPR Discussion Papers 11463, C.E.P.R. Discussion Papers.
    23. Rausser, Gordon C. & Simon, Leo K. & Zhao, Jinhua, 2008. "Rational Exaggeration in Information Aggregation Games," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt9nc4n5s6, Department of Agricultural & Resource Economics, UC Berkeley.
    24. Taylor, Curtis R. & Yildirim, Huseyin, 2010. "A unified analysis of rational voting with private values and group-specific costs," Games and Economic Behavior, Elsevier, vol. 70(2), pages 457-471, November.
    25. Ganna Pogrebna & Pavlo Blavatskyy, 2009. "Coordination, focal points and voting in strategic situations: a natural experiment," IEW - Working Papers 403, Institute for Empirical Research in Economics - University of Zurich.

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