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We show that a large electorate of ignorant voters can succeed in establishing high levels of electoral accountability. In our model an incumbent politician is confronted with a large number of voters who receive very noisy signals about her performance. We find that the accountability problem...
Persistent link: https://www.econbiz.de/10011287647
, remains strictly above a threshold. Moreover, there may be one-candidate equilibria in which the only candidate is not the one …
Persistent link: https://www.econbiz.de/10010505157