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We develop a tractable theory to study the impact of biased media on election outcomes, voter turnout and welfare. News … elections, the former determines the election outcome, whereas the latter drives voter turnout. With a single media outlet, a … rise in media bias affects the election outcome in a non-monotonic way, and reduces voter welfare by decreasing the …
Persistent link: https://www.econbiz.de/10012030647
This paper offers an explanation for why policy makers stick to inefficient policy decisions. I argue that repealing a policy is a bad signal to voters about the policy maker's competence if voters do not have complete knowledge about the effects of implemented policies. I derive the optimal...
Persistent link: https://www.econbiz.de/10011301144
. Elections are needed as a carrot and a stick to motivate politicians, yet politicians who are overly interested in re-election …
Persistent link: https://www.econbiz.de/10011334365
Politicians differ in their ability to implement some policy. In an election, candidates make commitments regarding the …
Persistent link: https://www.econbiz.de/10011380750
We explore how public opinion polls affect candidates' campaign spending in political competition. Generally, polls lead to (more) asymmetric behavior. Under a majority rule there always exists an equilibrium in which the initially more popular candidate invests more in the campaign and thereby...
Persistent link: https://www.econbiz.de/10010224792
Information affecting a candidate's reputation might have significant electoral consequences. Do candidates respond to the release of information? Using Brazilian elections and audits as an exogenous source of information, I show that both incumbent and challenger increase their campaign...
Persistent link: https://www.econbiz.de/10012545128
We develop a simple two period model to study the importance of motivational differences among politicians in describing the role of elections and explaining policy choices. In our model, politicians differ in their motives of running public office. Good politicians care about policies while bad...
Persistent link: https://www.econbiz.de/10011343267
Persistent link: https://www.econbiz.de/10000924251
election year dummies are significant. The last result gives some indication for a welfare hypothesis as a large …
Persistent link: https://www.econbiz.de/10012204474
Persistent link: https://www.econbiz.de/10002851599