Showing 1 - 10 of 42
We study the relation between the electorate's information about candidates' policy platforms during an election, and the subsequent provision of inefficient local public goods (pork) by the winning candidate. More information does not lead to better outcomes. We show that the efficient outcome...
Persistent link: https://www.econbiz.de/10009421460
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path. Standard selection criteria such as passive beliefs, symmetric beliefs or wary beliefs rest on ad hoc restrictions on beliefs. We propose a new selection criterion that imposes...
Persistent link: https://www.econbiz.de/10010754257
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path. Standard selection criteria such as <i>passive beliefs, symmetric beliefs or wary beliefs</i> rest on ad hoc restrictions on beliefs. We propose a new selection criterion that imposes...
Persistent link: https://www.econbiz.de/10011099071
This paper studies the advantages that a coalition of agents obtains by forming a voting bloc to pool their votes and cast them all together. We identify the necessary and sufficient conditions for an agent to benefit from the formation of the voting bloc, both if the agent is a member of the...
Persistent link: https://www.econbiz.de/10005385504
This paper studies the advantages that a coalition of agents obtain by forming a voting bloc to pool their votes and cast them all together. We identify the necessary and sufficient conditions for an agent to benefit from the formation of the voting bloc, both if the agent is a member of the...
Persistent link: https://www.econbiz.de/10005215883
I study the strategic incentives to coordinate votes in an assembly. Coalitions form voting blocs, acting as single players and affecting the policy outcome. In an assembly with two exogenous parties I show how the incentives to accept party discipline depend on the types of the agents, the...
Persistent link: https://www.econbiz.de/10009249699
Persistent link: https://www.econbiz.de/10010722457
Persistent link: https://www.econbiz.de/10008633143
This work studies the effect of the value of the status quo in the candidates' decisions and policy outcomes in a representative democracy with endogenous candidates. Following the citizen-candidate model due to Besley and Coate (1997) we show, for a unidimensional policy issue and for both an...
Persistent link: https://www.econbiz.de/10005482170
Persistent link: https://www.econbiz.de/10005128125