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When candidates in primary elections are ideologically differentiated (e.g., conservatives and moderates in the Republican party), then candidates with similar positions affect each others' vote shares more strongly than candidates with different ideological positions. We measure this effect in...
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exogenously given and the provision of a public good is financed through a proportional tax. Voters and politicians do not know …
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that all incumbents can find it optimal to ‘over experiment’, relative to a counter-factual in which they are sure to be in …
Persistent link: https://www.econbiz.de/10010366185
A Bayesian agent evaluates a stream of information over a finite period before deciding on which of two alternatives to adopt. At any point, the agent is free to convert information into an informative, binary signal. When information arrives at a roughly constant rate, an agent who frequently...
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tend to seek less information. A simple laboratory experiment confirms key results …
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Models of electoral agency address the amount of discipline and selection that can be achieved by voters in elections. The models are demanding in terms of individual belief-formation and consistency of behavior. We investigate a baseline model of electoral agency in a controlled laboratory...
Persistent link: https://www.econbiz.de/10014181350
well as implications with survey data is still pending. We designed a laboratory experiment in which subjects repeatedly …
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A popular argument about economic policy under uncertainty states that decentralisation offers the possibility to learn from local or regional policy experiments. We argue that such learning processes are not trivial and do not occur frictionlessly: Voters have an inherent tendency to retain a...
Persistent link: https://www.econbiz.de/10014050154