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Moderating Government

  • Francesco De Sinopoli


    (Department of Economics (University of Verona))

  • Leo Ferraris

    (Department of Economics (University of Verona))

  • Giovanna Iannantuoni


    (University of Milano-Bicocca)

We consider a model where policy motivated citizens vote in two simultaneous elections, one for the President who is elected by majority rule, in a single national district, and one for the Congressmen, each of whom is elected by majority rule in a local district. The policy to be implemented depends not only on who is elected President but also on the composition of the Congress. We characterize the equilibria of the model using a conditional sincerity concept that takes into account the possibility that some voters may be simultaneously decisive in both elections. Such a concept emerges naturally in a model with trembles. A crucial feature of the solution is the moderation of Government.

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Paper provided by University of Verona, Department of Economics in its series Working Papers with number 09/2011.

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Length: 30
Date of creation: Jun 2011
Date of revision:
Handle: RePEc:ver:wpaper:09/2011
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  1. Alesina, Alberto & Rosenthal, Howard, 1996. "A Theory of Divided Government," Econometrica, Econometric Society, vol. 64(6), pages 1311-41, November.
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