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This paper analyzes the effort allocation choices of incumbent politicians when voters are uncertain about politician preferences. There is a pervasive incentive to "posture" by over-providing effort to pursue divisive policies, even if all voters would strictly prefer to have a consensus policy...
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This paper analyzes the effort allocation choices of incumbent politicians when voters are uncertain about politician preferences. There is a pervasive incentive to "posture" by over-providing effort to pursue divisive policies, even if all voters would strictly prefer to have a consensus policy...
Persistent link: https://www.econbiz.de/10012457246
Much literature on political behaviour treats politicians as motivated by re‐election, choosing actions to signal their … types to voters. We identify a novel implication of incumbent signalling. Because incumbents only care about clearing a re‐election … hurdle, signals will tend to cluster just above the threshold needed for re‐election. This generates a skew distribution of …
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