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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- John Ledyard, 1984. "The pure theory of large two-candidate elections," Public Choice, Springer, vol. 44(1), pages 7-41, January.
- Matsusaka, J.C., 1991.
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91-29, Southern California - School of Business Administration.
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- Alvin K. Klevorick & Michael Rothschild & Christopher Winship, 1982.
"Information Processing and Jury Decisionmaking,"
Cowles Foundation Discussion Papers
635, Cowles Foundation for Research in Economics, Yale University.
- Thomas Palfrey & Howard Rosenthal, 1983. "A strategic calculus of voting," Public Choice, Springer, vol. 41(1), pages 7-53, January.
- Paul Milgrom & Robert J. Weber, 1981.
"A Theory of Auctions and Competitive Bidding,"
447R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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