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Journalism is widely believed to be crucial for holding elected officials accountable. At the same time economic theory has a hard time providing an instrumental explanation for the existence of "accountability journalism". According to the common Downsian reasoning, rational voters should not...
Persistent link: https://www.econbiz.de/10011416918
This paper considers the implications of an important cognitive bias in information processing, confirmation bias, in a political agency setting. In the baseline two-period case where only the politician's actions are observable before the election, we show that when voters have this bias, it...
Persistent link: https://www.econbiz.de/10011286492
Democracies delegate substantial decision power to politicians. Using a model in which an incumbent can design, examine and implement public policies, we show that examination takes place in spite of, rather than thanks to, elections. Elections are needed as a carrot and a stick to motivate...
Persistent link: https://www.econbiz.de/10011334365
We explore how public opinion polls affect candidates' campaign spending in political competition. Generally, polls lead to (more) asymmetric behavior. Under a majority rule there always exists an equilibrium in which the initially more popular candidate invests more in the campaign and thereby...
Persistent link: https://www.econbiz.de/10010224792
We measure the importance of candidate characteristics listed on ballots for a candidate's position on a slate, for preferential votes received by a candidate, and, ultimately, for getting elected. We focus on the effects of gender, various types of academic titles, and also several novel...
Persistent link: https://www.econbiz.de/10010457402
This paper studies the impact of the staggered introduction of digital television in Kenya between 2013 and 2017 on electoral behavior in times of political uncertainty. I construct a geocoded dataset of Kenyan polling stations and TV reception. After studying the determinants of signal...
Persistent link: https://www.econbiz.de/10012838690
We construct an election game to study the electoral impacts of biased candidate endorsements. We derive a set of testable predictions. We test these in a laboratory experiment and find that observed election outcomes and vote shares are well predicted. We find no support, however, for our...
Persistent link: https://www.econbiz.de/10012841512
When does an incentive exist for an incumbent to experiment with a risky reform policy in the presence of future elections? To address this question, we study a dynamic game between two political parties with heterogeneous preferences and a voter. The voter elects a party that then chooses a...
Persistent link: https://www.econbiz.de/10012899428
The increasing cost of campaigns and its implications for the performance of the electoral process are issues of paramount importance in modern democracies. We propose a theory of electoral accountability where candidates choose whether to propose a socially beneficial policy and whether to pay...
Persistent link: https://www.econbiz.de/10012938658
A number of recent formal models predict a positive effect of political knowledge on turnout. Both information acquisition and turnout, however, are likely to be determined by a similar set of variables, rendering hard the identification of a causal link in empirical investigations. Available...
Persistent link: https://www.econbiz.de/10012771353