Showing 1 - 10 of 10,783
A candidate for political office has private information about his and his rival's qualifications. A more informative positive (negative) campaign generates a more accurate public signal about his own (his rival's) qualifications, but costs more. A high type candidate has a comparative advantage...
Persistent link: https://www.econbiz.de/10014169481
Persistent link: https://www.econbiz.de/10009724339
The paper considers public funding of political parties when some voters are poorly informed about parties' candidates and campaigns are informative. For symmetric equilibria, it is shown that more public funding leads parties to chose more moderate candidates, and that an increase in the...
Persistent link: https://www.econbiz.de/10009580107
Persistent link: https://www.econbiz.de/10009679068
Persistent link: https://www.econbiz.de/10009724330
We model a two-candidate electoral competition in which there is uncertainty about a policy-relevant state of the world. The candidates receive private signals about the true state, which are imperfectly correlated. We study whether the candidates are able to credibly communicate their...
Persistent link: https://www.econbiz.de/10014114607
The quality of political candidates often depends on the current state of the world, for example because their personal characteristics are more valuable in some situations than in others. We explore the implications of state-dependent candidate quality in a model of electoral competition where...
Persistent link: https://www.econbiz.de/10013084906
We analyze a model of political competition in which the elite forms endogenously to aggregate information and advise the uninformed median voter which candidate to choose. The median voter knows whether or not the endorsed candidate is biased toward the elites, but might still prefer the biased...
Persistent link: https://www.econbiz.de/10014322896
In this paper, we address empirically the trade-offs involved in choosing between bureaucrats and politicians. In order … counterparts (”politicians”). We evaluate how performance would change if the courts replaced majority rule with unanimity rule …
Persistent link: https://www.econbiz.de/10014194725
At the start of their term, politicians often announce which issue they intend to address. To shed light on this agenda … addressing an issue means that the status quo is maintained. Politicians differ in their ability to make correct decisions. They … that politicians and voters have different priors concerning the desirability of a major reform. We show that electoral …
Persistent link: https://www.econbiz.de/10010326387