The Swing Voter's Curse
The authors analyze two-candidate elections in which some voters are uncertain about the realization of a state variable that affects the utility of all voters. They demonstrate the existence of a swing voter's curse: less informed indifferent voters strictly prefer to abstain rather than vote for either candidate even when voting is costless. The swing voter's curse leads to the equilibrium result that a substantial fraction of the electorate will abstain even though all abstainers strictly prefer voting for one candidate over voting for another. Copyright 1996 by American Economic Association.
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- Klevorick, Alvin K. & Rothschild, Michael & Winship, Christopher, 1984.
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"A Theory of Auctions and Competitive Bidding,"
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