Campaign Promises and Political Factions
This paper builds a dynamic model of electoral competition with nonbinding campaign promises. We find that campaign promises by a candidate for office signal her political preferences and public policy that she intends to implement. The reason is that electoral competition induces her to pander campaign promises to political interests by a minimal majority of citizens. If their votes bring her in office, she has to raise them once again in order to be re-elected. For that, she needs to fulfill her electoral promises. To minimize the cost of pandering to re-election if in office, a candidate gives campaign promises that she would like to fulfill the most. She fulfills them if in office, unless the cost of fulfillment lies above the benefit from re-election. We show, furthermore, that representatives by a minimal majority of citizens form a faction to coordinate their electoral strategies, and we investigate the consequences of such political collusion.
|Date of creation:||2008|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (514) 987-8161
Web page: http://www.cirpee.org/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bernard Caillaud & Jean Tirole, 2002. "Parties As Political Intermediaries," The Quarterly Journal of Economics, MIT Press, vol. 117(4), pages 1453-1489, November.
- Levy, Gilat, 2004.
"A model of political parties,"
Journal of Economic Theory,
Elsevier, vol. 115(2), pages 250-277, April.
- Alberto Alesina & Stephen E. Spear, 1987.
"An Overlapping Generations Model of Electoral Competition,"
NBER Working Papers
2354, National Bureau of Economic Research, Inc.
- Alesina, Alberto & Spear, Stephen E., 1988. "An overlapping generations model of electoral competition," Journal of Public Economics, Elsevier, vol. 37(3), pages 359-379, December.
- Alesina, Alberto & Spear, Stephen, 1988. "An Overlapping Generations Model of Electoral Competition," Scholarly Articles 4553015, Harvard University Department of Economics.
- Eric Maskin & Jean Tirole, 2004.
"The Politician and the Judge: Accountability in Government,"
American Economic Review,
American Economic Association, vol. 94(4), pages 1034-1054, September.
- Eric Maskin & Jean Tirole, 2004. "The Politician and the Judge: Accountability in Government," Economics Working Papers 0020, Institute for Advanced Study, School of Social Science.
- Eric Maskin, 2003. "The Politician and the Judge: Accountability in Government," Theory workshop papers 505798000000000076, UCLA Department of Economics.
- Harrington Jr. , Joseph E., 1993. "The Impact of Reelection Pressures on the Fulfillment of Campaign Promises," Games and Economic Behavior, Elsevier, vol. 5(1), pages 71-97, January.
- Massimo Morelli, 2001.
"Party Formation and Policy Outcomes under Different Electoral Systems,"
Economics Working Papers
0018, Institute for Advanced Study, School of Social Science.
- Massimo Morelli, 2004. "Party Formation and Policy Outcomes under Different Electoral Systems," Review of Economic Studies, Oxford University Press, vol. 71(3), pages 829-853.
- Massimo Morelli, 2004. "Party Formation and Policy Outcomes under Different Electoral Systems," Review of Economic Studies, Wiley Blackwell, vol. 71, pages 829-853, 07.
- Morelli, Massimo, 1998. "Party Formation and Policy Outcomes Under Different Electoral Systems," Staff General Research Papers 1242, Iowa State University, Department of Economics.
- Castanheira, Micael & Crutzen, Benoît SY & Sahuguet, Nicolas, 2005. "Party Governance and Political Competition with an Application to the American Direct Primacy," CEPR Discussion Papers 4890, C.E.P.R. Discussion Papers.
When requesting a correction, please mention this item's handle: RePEc:lvl:lacicr:0801. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Johanne Perron)
If references are entirely missing, you can add them using this form.