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Single-Issue Campaigns and Multidimensional Politics

Egorov, Georgy - 2015

, then politicians who are very competent on both issues will switch. If voters have superior information on a politician … than the other, the politicians are more likely to campaign on the more important issue. If politicians are able to … informed and better off, but has an ambiguous effect on politicians' utility. The model and the results may help understand …

Persistent link: https://www.econbiz.de/10013021023

Progress and Perspectives in the Study of Political Selection

Dal Bó, Ernesto - 2018

shaping the quality of politicians from both the supply and demand sides of politics. The model highlights that the patterns …

Persistent link: https://www.econbiz.de/10012915222

How Do Electoral Rules Shape Party Structures, Government Coalitions, and Economic Policies?

Persson, Torsten; Roland, Gérard; Tabellini, Guido Enrico - 2021

We present a theoretical model of a parliamentary democracy, where party structures, government coalitions and fiscal policies are endogenously determined. The model predicts that, relative to proportional elections, majoritarian elections reduce government spending because they reduce party...

Persistent link: https://www.econbiz.de/10013232027

Factions and Political Competition

Persico, Nicola - 2010

This paper presents a new model of political competition where candidates belong to factions. Before elections, factions compete to direct local public goods to their local constituencies. The model of factional competition delivers a rich set of implications relating the internal organization...

Persistent link: https://www.econbiz.de/10012760206

Mediocracy

Mattozzi, Andrea - 2007

political party may deliberately choose to recruit only mediocre politicians, in spite of the fact that it could afford to … recruit better individuals who would like to become politicians. We argue that this finding may contribute to explain the …

Persistent link: https://www.econbiz.de/10012777606

Political Parties as Drivers of U.S. Polarization : 1927-2018

Canen, Nathan; Kendall, Chad; Trebbi, Francesco - 2022

cohorts of ideologically extreme legislators replacing moderate ones. Politicians, however, do not operate as isolated agents …

Persistent link: https://www.econbiz.de/10014243364

Political Cycles and Stock Returns

Pastor, Lubos - 2017

We develop a model of political cycles driven by time-varying risk aversion. Agents choose to work in the public or private sector and to vote Democrat or Republican. In equilibrium, when risk aversion is high, agents elect Democrats—the party promising more redistribution. The model predicts...

Persistent link: https://www.econbiz.de/10012962718

Electoral Acceleration : The Effect of Minority Population on Minority Voter Turnout

Oberholzer-Gee, Felix; Waldfogel, Joel - 2021

Political outcomes are well understood to depend on the spatial distribution of citizen preferences. In this paper, we document that the same holds for the individual decision to be politically active. Using both cross-sectional and longitudinal evidence on turnout, we show that citizens are...

Persistent link: https://www.econbiz.de/10013218895

Credibility and Policy Convergence : Evidence from U.S. House Roll Call Voting Records

Lee, David S.; Moretti, Enrico; Butler, Matthew J. - 2021

compels partisan politicians to choose positions more moderate than their most-preferred policies. Alternatively, if … politicians cannot overcome the inability to make binding pre-commitments to policies, the expected result is complete policy …

Persistent link: https://www.econbiz.de/10013223563

Electoral Competition and Special Interest Politics

Grossman, Gene M.; Helpman, Elhanan - 2021

We study the competition between two political parties for seats in a parliament. The parliament will set two types of policies: ideological and non-ideological. The parties have fixed positions on the ideological issues, but choose their non-ideological platforms to attract voters and campaign...

Persistent link: https://www.econbiz.de/10013230596