A Dynamic Model of Democratic Elections in Multidimensional Policy Spaces
We propose a general model of repeated elections. In each period, a challenger is chosen from the electorate to run against an incumbent politician in a majority-rule election, and the winner then selects a policy from a multidimensional policy space. Individual policy preferences are private information, whereas policy choices are publicly observable. We prove existence and continuity of equilibria in "simple" voting and policy strategies; we provide examples to show the variety of possible equilibrium patterns in multiple dimensions; we analyze the effects of patience and office-holding benefits on the persistence of policies over time; and we identify relationships between equilibrium policies and the core of the underlying voting game. As a byproduct of our analysis, we show how equilibrium incentives may lead elected representatives to make policy compromises, even when binding commitments are unavailable. We provide an informational story for incumbency advantage. Finally, we give an asymptotic version of the median voter theorem for the one-dimensional model as voters become-arbitrarily patient.
References listed on IDEAS
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.:
- 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.
- Martin J. Osborne & Al Slivinksi, 1995. "A Model of Political Competition with Citizen-Candidates," Department of Economics Working Papers 1995-01, McMaster University.
- Jeffrey Banks & John Duggan, 2006.
"A Social Choice Lemma on Voting Over Lotteries with Applications to a Class of Dynamic Games,"
Social Choice and Welfare,
Springer, vol. 26(2), pages 285-304, April.
- Banks, Jeffrey S. & Duggan, John, 2003. "A Social Choice Lemma on Voting over Lotteries with Applications to a Class of Dynamic Games," Working Papers 1163, California Institute of Technology, Division of the Humanities and Social Sciences.
- Kramer, Gerald H., 1977. "A dynamical model of political equilibrium," Journal of Economic Theory, Elsevier, vol. 16(2), pages 310-334, December.
- John Duggan & Mark Fey, 2006. "Repeated Downsian electoral competition," International Journal of Game Theory, Springer, vol. 35(1), pages 39-69, December.
- Adam Meirowitz, 2007. "Probabilistic Voting and Accountability in Elections with Uncertain Policy Constraints," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 9(1), pages 41-68, 02.
- Besley, Timothy & Coate, Stephen, 1998. "Sources of Inefficiency in a Representative Democracy: A Dynamic Analysis," American Economic Review, American Economic Association, vol. 88(1), pages 139-56, March.
- John Ferejohn, 1986. "Incumbent performance and electoral control," Public Choice, Springer, vol. 50(1), pages 5-25, January.
- Schofield, Norman, 1983. "Generic Instability of Majority Rule," Review of Economic Studies, Wiley Blackwell, vol. 50(4), pages 695-705, October.
- David Austen-Smith & Jeffrey S. Banks, 1999.
"Cycling of simple rules in the spatial model,"
Social Choice and Welfare,
Springer, vol. 16(4), pages 663-672.
- Kenneth Rogoff, 1987.
"Equilibrium Political Budget Cycles,"
NBER Working Papers
2428, National Bureau of Economic Research, Inc.
- Bernhardt, Dan & Dubey, Sangita & Hughson, Eric, 2004. "Term limits and pork barrel politics," Journal of Public Economics, Elsevier, vol. 88(12), pages 2383-2422, December.
- John Duggan, 2000.
"Repeated Elections with Asymmetric Information,"
Economics and Politics,
Wiley Blackwell, vol. 12(2), pages 109-135, 07.
- Coate, Stephen & Morris, Stephen, 1995. "On the Form of Transfers in Special Interests," Journal of Political Economy, University of Chicago Press, vol. 103(6), pages 1210-35, December.
- Jeffrey Banks & John Duggan, 2001. "A Multidimensional Model of Repeated Elections," Wallis Working Papers WP24, University of Rochester - Wallis Institute of Political Economy.
- Besley, Timothy & Coate, Stephen, 1997.
"An Economic Model of Representative Democracy,"
The Quarterly Journal of Economics,
MIT Press, vol. 112(1), pages 85-114, February.
- Tim Besley & Stephen Coate, . ""An Economic Model of Representative Democracy''," CARESS Working Papres 95-02, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
- Tim Besley & Stephen Coate, . "An Economic Model of Representative Democracy," Penn CARESS Working Papers ecf70d639d700dba5327ab0c8, Penn Economics Department.
- Banks, Jeffrey S., 1995. "Singularity theory and core existence in the spatial model," Journal of Mathematical Economics, Elsevier, vol. 24(6), pages 523-536.
- McKelvey, Richard D & Schofield, Norman, 1987.
"Generalized Symmetry Conditions at a Core Point,"
Econometric Society, vol. 55(4), pages 923-33, July.
- John Duggan & Mark Fey, .
"Electoral Competition with Policy-Motivated Candidates,"
Wallis Working Papers
WP19, University of Rochester - Wallis Institute of Political Economy.
- Duggan, John & Fey, Mark, 2005. "Electoral competition with policy-motivated candidates," Games and Economic Behavior, Elsevier, vol. 51(2), pages 490-522, May.
- Harsanyi, John C, 1995.
"Games with Incomplete Information,"
American Economic Review,
American Economic Association, vol. 85(3), pages 291-303, June.
- Boylan, Richard T & McKelvey, Richard D, 1995. "Voting over Economic Plans," American Economic Review, American Economic Association, vol. 85(4), pages 860-71, September.
- Banks, Jeffrey S. & Sundaram, Rangarajan K., 1998. "Optimal Retention in Agency Problems," Journal of Economic Theory, Elsevier, vol. 82(2), pages 293-323, October.
- Baron David & Kalai Ehud, 1993. "The Simplest Equilibrium of a Majority-Rule Division Game," Journal of Economic Theory, Elsevier, vol. 61(2), pages 290-301, December.
- Bernhardt, Dan & Campuzano, Larissa & Squintani, Francesco & Câmara, Odilon, 2009. "On the benefits of party competition," Games and Economic Behavior, Elsevier, vol. 66(2), pages 685-707, July.
- Banks, Jeffrey S. & Duggan, John, 1999. "A Bargaining Model of Collective Choice," Working Papers 1053, California Institute of Technology, Division of the Humanities and Social Sciences.
- Judd, Kenneth L., 1985. "The law of large numbers with a continuum of IID random variables," Journal of Economic Theory, Elsevier, vol. 35(1), pages 19-25, February.
- Davis, Otto A & DeGroot, Morris H & Hinich, Melvin J, 1972. "Social Preference Orderings and Majority Rule," Econometrica, Econometric Society, vol. 40(1), pages 147-57, January.
When requesting a correction, please mention this item's handle: RePEc:now:jlqjps:100.00006009. 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: (Alet Heezemans)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.