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Strategic flip-flopping in political competition

Author

Listed:
  • Gaetan Fournier
  • Alberto Grillo
  • Yevgeny Tsodikovich

Abstract

We study candidates' positioning when adjustments are possible in response to new information about voters' preferences. Re-positioning allows candidates to get closer to the median voter but is costly both financially and electorally. We examine the occurrence and the direction of the adjustments depending on the ex-ante positions and the new information. In the unique subgame perfect equilibrium, candidates anticipate the possibility to adjust in response to future information and diverge ex-ante in order to secure a cost-less victory when the new information is favorable.

Suggested Citation

  • Gaetan Fournier & Alberto Grillo & Yevgeny Tsodikovich, 2023. "Strategic flip-flopping in political competition," Papers 2305.02834, arXiv.org.
    • Handle: RePEc:arx:papers:2305.02834
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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