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We analyze a model of political competition in which the elite forms endogenously to aggregate information and advise the uninformed median voter which candidate to choose. The median voter knows whether or not the endorsed candidate is biased toward the elites, but might still prefer the biased...
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practice, incumbency advantage and coordination issues may lead to the (re)election of bad politicians. We ask whether these …In theory, free and fair elections can improve the selection of politicians and incentivize them to exert effort. In … elections, we find that winning an election increases candidates' chances to win the next election by 25.1 percentage points …
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