Private polling in elections and voter welfare
We study elections in which two candidates poll voters about their preferred policies before taking policy positions. In the essentially unique equilibrium, candidates who receive moderate signals adopt more extreme platforms than their information suggests, but candidates with more extreme signals may moderate their platforms. Policy convergence does not maximize voters' welfare. Although candidates' platforms diverge in equilibrium, they do not do so as much as voters would like. We find that the electorate always prefers less correlation in candidate signals, and thus private over public polling. Some noise in the polling technology raises voters' welfare.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John Morgan & Phillip C. Stocken, 2008. "Information Aggregation in Polls," American Economic Review, American Economic Association, vol. 98(3), pages 864-96, June.
- Aragones, Enriqueta & Palfrey, Thomas. R., 2000.
"Mixed Equilibrium in a Downsian Model With a Favored Candidate,"
1102, California Institute of Technology, Division of the Humanities and Social Sciences.
- Aragones, Enriqueta & Palfrey, Thomas R., 2002. "Mixed Equilibrium in a Downsian Model with a Favored Candidate," Journal of Economic Theory, Elsevier, vol. 103(1), pages 131-161, March.
- Enriqueta Aragonés & Thomas R. Palfrey, 2000. "Mixed equilibrium in a Downsian model with a favored candidate," Economics Working Papers 502, Department of Economics and Business, Universitat Pompeu Fabra.
- Stephen Coate, 2001.
"Political Competition with Campaign Contributions and Informative Advertising,"
NBER Working Papers
8693, National Bureau of Economic Research, Inc.
- Stephen Coate, 2004. "Political Competition with Campaign Contributions and Informative Advertising," Journal of the European Economic Association, MIT Press, vol. 2(5), pages 772-804, 09.
- Navin Kartik & R. Preston McAfee, 2007. "Signaling Character in Electoral Competition," American Economic Review, American Economic Association, vol. 97(3), pages 852-870, June.
- Martin J. Osborne & Al Slivinksi, 1995.
"A Model of Political Competition with Citizen-Candidates,"
Department of Economics Working Papers
1995-01, McMaster University.
- Osborne, Martin J & Slivinski, Al, 1996. "A Model of Political Competition with Citizen-Candidates," The Quarterly Journal of Economics, MIT Press, vol. 111(1), pages 65-96, February.
- Heidhues, Paul & Lagerlof, Johan, 2003.
"Hiding information in electoral competition,"
Games and Economic Behavior,
Elsevier, vol. 42(1), pages 48-74, January.
- Milgrom, Paul R, 1981. "Rational Expectations, Information Acquisition, and Competitive Bidding," Econometrica, Econometric Society, vol. 49(4), pages 921-43, June.
- Stephen Coate, 2004. "Pareto-Improving Campaign Finance Policy," American Economic Review, American Economic Association, vol. 94(3), pages 628-655, June.
- Tim Besley & Stephen Coate, .
"An Economic Model of Representative Democracy,"
Penn CARESS Working Papers
ecf70d639d700dba5327ab0c8, Penn Economics Department.
- Palfrey, Thomas R, 1984. "Spatial Equilibrium with Entry," Review of Economic Studies, Wiley Blackwell, vol. 51(1), pages 139-56, January.
- Martinelli, Cesar, 2001. " Elections with Privately Informed Parties and Voters," Public Choice, Springer, vol. 108(1-2), pages 147-67, July.
- Meirowitz, Adam, 2005. "Polling games and information revelation in the Downsian framework," Games and Economic Behavior, Elsevier, vol. 51(2), pages 464-489, May.
- Andrea Prat, 2002.
"Campaign Advertising and Voter Welfare,"
Review of Economic Studies,
Oxford University Press, vol. 69(4), pages 999-1017.
- Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65, pages 135.
- Callander, Steven & Wilkie, Simon, 2007. "Lies, damned lies, and political campaigns," Games and Economic Behavior, Elsevier, vol. 60(2), pages 262-286, August.
- Jacob Goeree & Jens Großer, 2007. "Welfare Reducing Polls," Economic Theory, Springer, vol. 31(1), pages 51-68, April.
- David Austen-Smith, 1987. "Interest groups, campaign contributions, and probabilistic voting," Public Choice, Springer, vol. 54(2), pages 123-139, January.
- John Duggan, 2003.
"Electoral Competition with Privately Informed Candidates,"
Theory workshop papers
505798000000000029, UCLA Department of Economics.
- Bernhardt, Dan & Duggan, John & Squintani, Francesco, 2007. "Electoral competition with privately-informed candidates," Games and Economic Behavior, Elsevier, vol. 58(1), pages 1-29, January.
When requesting a correction, please mention this item's handle: RePEc:eee:jetheo:v:144:y:2009:i:5:p:2021-2056. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.