Acemoglu, Daron; Egorov, Georgij V.; Sonin, Konstantin - 2011
When voters fear that politicians may have a right-wing bias or that they may be influenced or corrupted by the rich … right. Truly right-wing politicians respond by choosing more moderate, or even left-of-center policies. This populist bias … to have a hidden right-wing agenda; when there is an intermediate amount of noise in the information that voters receive …