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The War of Information

Author

Listed:
  • Faruk Gul
  • Wolfgang Pesendorfer

Abstract

We analyse political contests (campaigns) between two parties with opposing interests. Parties provide costly information to voters who choose a policy. The information flow is continuous and stops when both parties quit. Parties' actions are strategic substitutes: increasing one party's cost makes that party provide more and its opponent provide less information. For voters, parties' actions are complements and hence raising the advantaged party's cost may be beneficial. Asymmetric information adds a signalling component resulting in a belief threshold at which the informed party's decision to continue campaigning offsets other unfavourable information. Copyright 2012, Oxford University Press.
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Suggested Citation

  • Faruk Gul & Wolfgang Pesendorfer, 2007. "The War of Information," Levine's Bibliography 321307000000000921, UCLA Department of Economics.
  • Handle: RePEc:cla:levrem:321307000000000921
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    File URL: http://www.princeton.edu/~pesendor/warinfo.pdf
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    Other versions of this item:

    • Gul, Faruk & Pesendorfer, Wolfgang, 2010. "The War of Information," Papers 9-13-2010, Princeton University, Research Program in Political Economy.

    References listed on IDEAS

    as
    1. Godfrey Keller & Sven Rady & Martin Cripps, 2005. "Strategic Experimentation with Exponential Bandits," Econometrica, Econometric Society, vol. 73(1), pages 39-68, January.
    2. Patrick Bolton & Christopher Harris, 1999. "Strategic Experimentation," Econometrica, Econometric Society, vol. 67(2), pages 349-374, March.
    3. Giuseppe Moscarini & Lones Smith, 2001. "The Optimal Level of Experimentation," Econometrica, Econometric Society, vol. 69(6), pages 1629-1644, November.
    4. Dixit, Avinash K, 1987. "Strategic Behavior in Contests," American Economic Review, American Economic Association, vol. 77(5), pages 891-898, December.
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    Cited by:

    1. Christopher S. Cotton & Arnaud Déllis, 2016. "Informational Lobbying and Agenda Distortion," Journal of Law, Economics, and Organization, Oxford University Press, vol. 32(4), pages 762-793.
    2. Raphael Boleslavsky & Bruce Carlin & Christopher Cotton, 2017. "Competing for Capital: Auditing and Credibility in Financial Reporting," Working Papers 1377, Queen's University, Department of Economics.
    3. Gregor Martin, 2015. "To Invite or Not to Invite a Lobby, That Is the Question," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 15(2), pages 143-166, July.
    4. Erik O. Kimbrough & Kevin Laughren & Roman Sheremeta, 2017. "War and Conflict in Economics: Theories, Applications, and Recent Trends," Discussion Papers dp17-10, Department of Economics, Simon Fraser University.
    5. Brendan Daley & Brett Green, 2012. "Waiting for News in the Market for Lemons," Econometrica, Econometric Society, vol. 80(4), pages 1433-1504, July.
    6. Seel, Christian & Strack, Philipp, 2013. "Gambling in contests," Journal of Economic Theory, Elsevier, vol. 148(5), pages 2033-2048.
    7. repec:eee:jcecon:v:45:y:2017:i:4:p:685-711 is not listed on IDEAS
    8. Martin Gregor, 2014. "Receiver's access fee for a single sender," Working Papers IES 2014/17, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised May 2014.
    9. Kolb, Aaron M., 2015. "Optimal entry timing," Journal of Economic Theory, Elsevier, vol. 157(C), pages 973-1000.
    10. Wolton, Stephane, 2016. "Lobbying, Inside and Out: How Special Interest Groups Influence Policy Choices," MPRA Paper 68637, University Library of Munich, Germany.
    11. repec:eee:gamebe:v:104:y:2017:i:c:p:411-429 is not listed on IDEAS
    12. Arnaud Dellis & Mandar Oak, 2016. "Overlobbying and Pareto-improving Agenda Constraint," School of Economics Working Papers 2016-05, University of Adelaide, School of Economics.

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