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A unified analysis of rational voting with private values and group-specific costs

  • Taylor, Curtis R.
  • Yildirim, Huseyin
Registered author(s):

    We provide a unified analysis of the canonical rational voting model with privately known political preferences and costs of voting. Focusing on type-symmetric equilibrium, we show that for small electorates, members of the minority group vote with a strictly higher probability than do those in the majority, but the majority is strictly more likely to win the election. As the electorate size grows without bound, equilibrium outcome is completely determined by the individuals possessing the lowest cost of voting in each political group. We relate our equilibrium characterization to Myerson's Poisson games, and examine the potential uniqueness of equilibrium.

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    File URL: http://www.sciencedirect.com/science/article/B6WFW-4YF5R74-1/2/e550808c5f68f12a55d492c526237b2b
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    Article provided by Elsevier in its journal Games and Economic Behavior.

    Volume (Year): 70 (2010)
    Issue (Month): 2 (November)
    Pages: 457-471

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    Handle: RePEc:eee:gamebe:v:70:y:2010:i:2:p:457-471
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622836

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    1. Taylor, Curtis & Yildirim, Huseyin, 2005. "Public Information and Electoral Bias," Working Papers 05-11, Duke University, Department of Economics.
    2. Sayantan Ghosal & Ben Lockwood, 2009. "Costly voting when both information and preferences differ: is turnout too high or too low?," Social Choice and Welfare, Springer, vol. 33(1), pages 25-50, June.
    3. 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, 07.
    4. Colin M. Campbell, 1999. "Large Electorates and Decisive Minorities," Journal of Political Economy, University of Chicago Press, vol. 107(6), pages 1199-1217, December.
    5. Roger B. Myerson, 1998. "Population uncertainty and Poisson games," International Journal of Game Theory, Springer, vol. 27(3), pages 375-392.
    6. Taylor, Curtis R. & Yildirim, Huseyin, 2010. "Public information and electoral bias," Games and Economic Behavior, Elsevier, vol. 68(1), pages 353-375, January.
    7. Tilman Börgers, 2001. "Costly Voting," NajEcon Working Paper Reviews 625018000000000232, www.najecon.org.
    8. Jacob Goeree & Jens Großer, 2007. "Welfare Reducing Polls," Economic Theory, Springer, vol. 31(1), pages 51-68, April.
    9. Timothy Feddersen & Wolfgang Pesendorfer, 1994. "Voting Behavior and Information Aggregation in Elections with Private Information," Discussion Papers 1117, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    10. Timothy J. Feddersen, 2004. "Rational Choice Theory and the Paradox of Not Voting," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 99-112, Winter.
    11. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65, pages 135.
    12. Roger B. Myerson, 1997. "Large Poisson Games," Discussion Papers 1189, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    13. Krasa, Stefan & Polborn, Mattias K., 2009. "Is mandatory voting better than voluntary voting?," Games and Economic Behavior, Elsevier, vol. 66(1), pages 275-291, May.
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