Candidate quality, pressure group endorsements and the nature of political advertising
Candidates may vary in quality, where quality is some characteristic orthogonal to policy. This "simple modification" has for the most part defied integration into the Downsian framework. Here we add the following complicating factors. We consider the possibility that there are uninformed voters who are ignorant of the candidates' relative quality. However, a pressure group with inside information regarding the quality of the candidates may endorse one of the candidates as the high-quality candidate. We assume that the uninformed voters behave rationally in the presence of this endorsement. We show that campaign endorsements by the pressure group are generally welfare improving even though the pressure group takes advantage of its private information.
(This abstract was borrowed from another version of this item.)
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.:
- Gene M. Grossman & Elhanan Helpman, 1996.
"Competing for Endorsements,"
Harvard Institute of Economic Research Working Papers
1784, Harvard - Institute of Economic Research.
- Grossman, G.M. & Helpman, E., 1998. "Competing for Endorsements," Papers 09-98, Tel Aviv.
- Grossman, Gene & Helpman, Elhanan, 1996. "Competing for Endorsements," CEPR Discussion Papers 1546, C.E.P.R. Discussion Papers.
- Grossman, G-M & Helpman, E, 1996. "Competing for Endorsements," Papers 182, Princeton, Woodrow Wilson School - Public and International Affairs.
- Mueller, Dennis C & Stratmann, Thomas, 1994. " Informative and Persuasive Campaigning," Public Choice, Springer, vol. 81(1-2), pages 55-77, October.
- Prat, A., 1998.
"Campaign Spending with Office-Seeking Politicians, Rational Voters and Multiple Lobbies,"
1998-123, Tilburg University, Center for Economic Research.
- Prat, Andrea, 2002. "Campaign Spending with Office-Seeking Politicians, Rational Voters, and Multiple Lobbies," Journal of Economic Theory, Elsevier, vol. 103(1), pages 162-189, March.
- David Austen-Smith, 1987. "Interest groups, campaign contributions, and probabilistic voting," Public Choice, Springer, vol. 54(2), pages 123-139, January.
- Prat, Andrea, 1999.
"Campaign Advertising and Voter Welfare,"
CEPR Discussion Papers
2152, C.E.P.R. Discussion Papers.
- Grofman, Bernard & Norrander, Barbara, 1990. " Efficient Use of Reference Group Cues in a Single Dimension," Public Choice, Springer, vol. 64(3), pages 213-27, March.
- 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.
- Donald Wittman, 2005. "Valence characteristics, costly policy and the median-crossing property: A diagrammatic exposition," Public Choice, Springer, vol. 124(3), pages 365-382, September.
- Ansolabehere, Stephen & Snyder, James M, Jr, 2000. " Valence Politics and Equilibrium in Spatial Election Models," Public Choice, Springer, vol. 103(3-4), pages 327-36, June.
- Cukierman, Alex, 1991. " Asymmetric Information and the Electoral Momentum of Public Opinion Polls," Public Choice, Springer, vol. 70(2), pages 181-213, May.
- Stephen Coate, 2004. "Pareto-Improving Campaign Finance Policy," American Economic Review, American Economic Association, vol. 94(3), pages 628-655, June.
- Roger Congleton, 1989. "Campaign finances and political platforms: The economics of political controversy," Public Choice, Springer, vol. 62(2), pages 101-118, August.
- Gene Grossman & Elhanan Helpman, 1994.
"Electoral Competition and Special Interest Politics,"
NBER Working Papers
4877, National Bureau of Economic Research, Inc.
- Grossman, Gene M & Helpman, Elhanan, 1996. "Electoral Competition and Special Interest Politics," Review of Economic Studies, Wiley Blackwell, vol. 63(2), pages 265-86, April.
When requesting a correction, please mention this item's handle: RePEc:eee:poleco:v:23:y:2007:i:2:p:360-378. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If references are entirely missing, you can add them using this form.