Citizen Candidacy with Asymmetric Information
We extend a simple version of the citizen candidates model (developed by Osborne-Slivinsky (1996) and Besley-Coate (1997)) to an asymmetric information setting, in which the type of a given individual is assumed to be private information. Focusing on a particular class of perfect Bayesian equilibria, we show that there exist two kinds of equilibria. In the first one, both non-median types become candidates and those equilibria generalize to any number of (potential) candidates. In the second one, only one of the non-median types chooses to become candidates for the election and those equilibria hold for a number of (potential) candidates at most equal to three. This is in sharp contrast with the complete information framework in which only the median type individuals stand for office when the entry cost is sufficiently low.
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"A Model of Political Competition with Citizen-Candidates,"
The Quarterly Journal of Economics,
MIT Press, vol. 111(1), pages 65-96, February.
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"An Economic Model of Representative Democracy,"
Penn CARESS Working Papers
ecf70d639d700dba5327ab0c8, Penn Economics Department.
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- Enriqueta Aragonés & Andrew Postlewaite, 2000. "Campaign rhetoric: A model of reputation," Economics Working Papers 525, Department of Economics and Business, Universitat Pompeu Fabra.
- John Duggan, .
"Repeated Elections with Asymmetric Information,"
Wallis Working Papers
WP9, University of Rochester - Wallis Institute of Political Economy.
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- Joseph E. Harrington, 1992. "The Revelation Of Information Through The Electoral Process: An Exploratory Analysis," Economics and Politics, Wiley Blackwell, vol. 4(3), pages 255-276, November.
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