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Political reputations and campaign promises

Author

Listed:
  • Aragones, Enriqueta
  • Palfrey, Thomas R.
  • Postlewaite, Andrew

Abstract

We analyze conditions under which candidates' reputations may affect voters' beliefs over what policy will be implemented by the winning candidate of an election. We develop a model of repeated elections with complete information in which candidates are purely ideological. We analyze an equilibrium in which voters' strategies involve a credible threat to punish candidates who renege on their campaign promises and in which all campaign promises are believed by voters and honored by candidates. We characterize the maximal credible campaign promises and find that the degree to which promises are credible in equilibrium is an increasing function of the value of a candidate's reputation. (JEL: D8) (c) 2007 by the European Economic Association.
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Suggested Citation

  • Aragones, Enriqueta & Palfrey, Thomas R. & Postlewaite, Andrew, 2006. "Political reputations and campaign promises," Working Papers 1258, California Institute of Technology, Division of the Humanities and Social Sciences.
  • Handle: RePEc:clt:sswopa:1258
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    Cited by:

    1. Castañeda Dower, Paul & Pfutze, Tobias, 2015. "Vote suppression and insecure property rights," Journal of Development Economics, Elsevier, vol. 114(C), pages 1-19.
    2. Böhm, Tobias, 2008. "Essays on Incentives in Public and Private Institutions," Munich Dissertations in Economics 8506, University of Munich, Department of Economics.
    3. Javier Rivas, 2016. "Private agenda and re-election incentives," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 46(4), pages 899-915, April.
    4. repec:eee:jeborg:v:142:y:2017:i:c:p:348-367 is not listed on IDEAS
    5. Etienne Farvaque & Gael Lagadec, 2009. "Electoral Control when Policies are for Sale," CESifo Working Paper Series 2522, CESifo Group Munich.
    6. Selim Jürgen Ergun, 2015. "Centrist’S Curse? An Electoral Competition Model With Credibility Constraints," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 60(05), pages 1-18, December.
    7. Carlos Seixas & António Brandão & Manuel Luís Costa, 2013. "Policy Choices by an Incumbent - A Case with Down-Up Problem, Bias Beliefs and Retrospective Voting," FEP Working Papers 485, Universidade do Porto, Faculdade de Economia do Porto.
    8. Guido, Cataife, 2007. "The pronouncements of paranoid politicians," MPRA Paper 4473, University Library of Munich, Germany.
    9. César Martinelli & John Duggan, 2014. "The Political Economy of Dynamic Elections: A Survey and Some New Results," Working Papers 1403, Centro de Investigacion Economica, ITAM.
    10. Gari Walkowitz & Arne R. Weiss, 2014. ""Read my Lips!" Experimental Evidence on the Effects of Electoral Competition on Shirking and Trust," Cologne Graduate School Working Paper Series 05-07, Cologne Graduate School in Management, Economics and Social Sciences.
    11. Hans Gersbach & Oriol Tejada & Maik T. Schneider, 2014. "Coalition-Preclusion Contracts and Moderate Policies," CER-ETH Economics working paper series 14/195, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    12. repec:aea:aecrev:v:107:y:2017:i:7:p:1824-57 is not listed on IDEAS
    13. Murtinu, Samuele & Piccirilli, Giulio & Sacchi, Agnese, 2016. "Fiscal Policy, Government Polarization, and the Economic Literacy of Voters," MPRA Paper 74864, University Library of Munich, Germany.
    14. Gersbach Hans, 2012. "Contractual Democracy," Review of Law & Economics, De Gruyter, vol. 8(3), pages 823-851, December.
    15. Gersbach, Hans & Schneider, Maik T., 2012. "Tax contracts and elections," European Economic Review, Elsevier, vol. 56(7), pages 1461-1479.
    16. Jean Guillaume Forand & John Duggan, 2013. "Markovian Elections," Working Papers 1305, University of Waterloo, Department of Economics, revised Oct 2013.
    17. Ivo Bischoff & Lars-H. Siemers, 2013. "Biased beliefs and retrospective voting: why democracies choose mediocre policies," Public Choice, Springer, vol. 156(1), pages 163-180, July.

    More about this item

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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