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Pandering, Faith and Electoral Competition

Author

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  • Gabriele Gratton

    (School of Economics, The University of New South Wales)

Abstract

We study an election with two perfectly informed candidates. Voters share common values over the policy outcome of the election, but possess arbitrarily little information about which policy is best for them. Voters elect one of the candidates, effectively choosing between the two policies proposed by the candidates. We explore under which conditions candidates always propose the ex-post optimal policy for the voters. The model is extended to include strategic voting, policy-motivated candidates, imperfectly informed candidates, and heterogeneous preferences.

Suggested Citation

  • Gabriele Gratton, 2013. "Pandering, Faith and Electoral Competition," Discussion Papers 2012-22A, School of Economics, The University of New South Wales.
    • Handle: RePEc:swe:wpaper:2012-22a
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    File URL: http://research.economics.unsw.edu.au/RePEc/papers/2012-22.pdf
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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