Dekel, Eddie; Jackson, Matthew O.; Wolinsky, Asher - Center for Mathematical Studies in Economics and … - 2004
We examine the consequences of vote buying, assuming this practice were allowed and free of stigma. Two parties … win. If up front vote buying is permitted, and voters care directly about how they vote (as a legislator would), then the … their supporting voters. These results suggest that vote buying can lead to an inefficient party winning in equilibrium. We …