Sahuguet, Nicolas; Persico, Nicola - In: Economic Theory 28 (2006) 1, pp. 95-124
We consider a model in which parties that differ in perceived valence choose how to allocate electoral promises (money, pork-barrel projects) among voters. The party perceived to be less valent has a greater incentive to “sell out” to a favored minority and completely expropriate a fraction...