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In this survey, we investigate the general mechanisms underlying the political economy of attention and review their empirical relevance, in particular for electoral accountability. The focus is on exogenous or stimulus-driven attention that political actors try to win or divert when pursuing...
Persistent link: https://www.econbiz.de/10015066329
This paper studies the effects of power-concentrating institutions on the quality of political selection, i.e., the voters' capacity to identify and empower well-suited politicians. In our model, candidates are heterogeneous in two unobservable quality aspects: ability and public-spiritedness....
Persistent link: https://www.econbiz.de/10011430775
The role of electoral incentives vs. selection is ideally analyzed in a setting where the same legislators are selected to decide on policies under different electoral rules and where voter preferences on policies can be precisely measured. This is the first paper to look at such a situation....
Persistent link: https://www.econbiz.de/10012286323
This paper studies the effects of power-concentrating institutions on the quality of political selection, i.e., the voters' capacity to identify and empower competent politicians. In our model, candidates are privately informed about their abilities and are driven by office rents as well as...
Persistent link: https://www.econbiz.de/10010483274
This paper provides a comprehensive theoretical model of the political decision making process. Therein two ideologically different political parties compete for power. Their primary instrument in this competition are programmatic concessions in favor of voters and interest groups. As any...
Persistent link: https://www.econbiz.de/10010509849
Persistent link: https://www.econbiz.de/10011792127
democratic elections. An information market is used to predict the long-term performance of a policy, while threshold contracts … possible pitfalls of the mechanism. -- democracy ; elections ; information markets ; threshold contracts and triple mechanism …
Persistent link: https://www.econbiz.de/10009009663
A well-known rationale for representative democracy is that direct democracy leads to a free-rider problem as to the collection of information. A problem with this rationale is that it takes for granted that representatives collect information. In this paper we examine whether or not electoral...
Persistent link: https://www.econbiz.de/10011342563
We analyze a psychologically-based model of voter turnout in an election with common value and uncertainty. Our model yields distinctive comparative statics results. First, an increase in the proportion of informed citizens may cause the winning margin for the right candidate to either rise or...
Persistent link: https://www.econbiz.de/10010418265
of group decisiveness into voting incentives and mobilization of voters. In the elections that we study, for the same … points in local elections and decreased voter turnout by some 20 percentage points in national elections. We empirically …
Persistent link: https://www.econbiz.de/10010498619