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Vote buying

Author

Listed:
  • Jackson, Matthew O.
  • Dekel, Eddie
  • Wolinsky, Asher

Abstract

We examine the consequences of vote buying, assuming this practice were allowed and free of stigma. Two parties competing in a binary election may purchase votes in a sequential bidding game via up-front binding payments and/or campaign promises (platforms) that are contingent upon the outcome of the election. We analyze the role of the parties' budget constraints and voter preferences in determining the winner and the payments to voters.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Jackson, Matthew O. & Dekel, Eddie & Wolinsky, Asher, 2005. "Vote buying," Working Papers 1215, California Institute of Technology, Division of the Humanities and Social Sciences.
    • Handle: RePEc:clt:sswopa:1215
    as

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    File URL: http://www.hss.caltech.edu/SSPapers/sswp1215.pdf
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    Other versions of this item:

    • Eddie Dekel & Matthew O. Jackson & Asher Wolinsky, 2004. "Vote Buying," Discussion Papers 1386, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    • Eddie Dekel & Matthew O. Jackson & Asher Wolinsky, 2005. "Vote Buying," Others 0503006, EconWPA.

    References listed on IDEAS

    as
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    3. Grossman, Sanford J. & Hart, Oliver D., 1988. "One share-one vote and the market for corporate control," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 175-202, January.
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    5. Owen A. Lamont & Richard H. Thaler, 2003. "Anomalies: The Law of One Price in Financial Markets," Journal of Economic Perspectives, American Economic Association, vol. 17(4), pages 191-202, Fall.
    6. Nicola Persico & Alessandro Lizzeri, 2001. "The Provision of Public Goods under Alternative Electoral Incentives," American Economic Review, American Economic Association, vol. 91(1), pages 225-239, March.
    7. Stephen Ansolabehere & John M. de Figueiredo & James M. Snyder Jr, 2003. "Why is There so Little Money in U.S. Politics?," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 105-130, Winter.
    8. Szentes, Balazs & Rosenthal, Robert W., 2003. "Beyond chopsticks: Symmetric equilibria in majority auction games," Games and Economic Behavior, Elsevier, vol. 45(2), pages 278-295, November.
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    12. Le Breton, Michel & Salanie, Francois, 2003. "Lobbying under political uncertainty," Journal of Public Economics, Elsevier, vol. 87(12), pages 2589-2610, December.
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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Helios Herrera & Andrea Mattozzi, 2006. "Turnout and Quorum in Referenda," Levine's Bibliography 321307000000000230, UCLA Department of Economics.
    2. Alessandra Casella & Aniol Llorente-Saguer & Thomas R. Palfrey, 2012. "Competitive Equilibrium in Markets for Votes," Journal of Political Economy, University of Chicago Press, vol. 120(4), pages 593-658.
    3. Jean-Marie Baland & James A. Robinson, 2008. "Land and Power: Theory and Evidence from Chile," American Economic Review, American Economic Association, vol. 98(5), pages 1737-1765, December.
    4. Casella, Alessandra & Turban, Sébastien, 2014. "Democracy undone. Systematic minority advantage in competitive vote markets," Games and Economic Behavior, Elsevier, vol. 88(C), pages 47-70.
    5. Pohan Fong, 2008. "Endogenous Limits on Proposal Power," Discussion Papers 1465, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    6. Crutzen, Benoît S.Y. & Sahuguet, Nicolas, 2009. "Redistributive politics with distortionary taxation," Journal of Economic Theory, Elsevier, vol. 144(1), pages 264-279, January.
    7. Frederico Finan & Laura Schechter, 2012. "Vote‐Buying and Reciprocity," Econometrica, Econometric Society, vol. 80(2), pages 863-881, March.
    8. Sergiu Hart, 2008. "Discrete Colonel Blotto and General Lotto games," International Journal of Game Theory, Springer;Game Theory Society, vol. 36(3), pages 441-460, March.
    9. John Morgan & Felix Várdy, 2011. "On the buyability of voting bodies," Journal of Theoretical Politics, , vol. 23(2), pages 260-287, April.
    10. Herrera, Helios & Levine, David K. & Martinelli, César, 2008. "Policy platforms, campaign spending and voter participation," Journal of Public Economics, Elsevier, vol. 92(3-4), pages 501-513, April.
    11. Carbonell-Nicolau Oriol, 2009. "A Positive Theory of Income Taxation," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 9(1), pages 1-49, July.
    12. Ascensión Andina-Díaz & Miguel Meléndez-Jiménez, 2009. "Voting in small networks with cross-pressure," Spanish Economic Review, Springer;Spanish Economic Association, vol. 11(2), pages 99-124, June.
    13. Henry, Emeric, 2008. "The informational role of supermajorities," Journal of Public Economics, Elsevier, vol. 92(10-11), pages 2225-2239, October.
    14. Casamatta, Georges & Vellutini, Charles, 2008. "Clientelism and aid," Journal of Development Economics, Elsevier, vol. 87(2), pages 322-332, October.
    15. Daniel Diermeier & Georgy Egorov & Konstantin Sonin, 2013. "Endogenous Property Rights," NBER Working Papers 19734, National Bureau of Economic Research, Inc.
    16. Felix J Vardy & John Morgan, 2006. "Corruption, Competition, and Contracts; A Model of Vote Buying," IMF Working Papers 06/11, International Monetary Fund.
    17. Eddie Dekel & Matthew O. Jackson & Asher Wolinksy, 2006. "Vote Buying II: Legislatures and Lobbying," Discussion Papers 1433, Northwestern University, Center for Mathematical Studies in Economics and Management Science.

    More about this item

    Keywords

    vote buying; political economy; campaign promises;

    JEL classification:

    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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