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Signalling, Incumbency Advantage, and Optimal Reelection Thresholds
Caselli, Francesco; Cunningham, Tom; Morelli, Massimo; … - C.E.P.R. Discussion Papers - 2012
types to voters. We identify two novel implications of models in which signalling incentives are important. First, because …. Second, voters can exploit the signalling behavior of politicians by precommitting to a higher threshold for signals received …. Raising the threshold discourages signalling effort by low quality politicians but encourages effort by high quality …
Persistent link: https://www.econbiz.de/10011083735
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Ideology without ideologists
Mechtenberg, Lydia - 2007
Generally, Democrats do not increase military spending, and Republicans do not raise welfare payments. Mostly, ruling politicians stick to the manifesto of their party. The current paper provides a theoretical explanation for this phenomenon that does not assume politicians or voters to be...
Persistent link: https://www.econbiz.de/10010265664
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The optimal state aid control: No control
Gregor, Martin; Roháč, Dalibor - 2009
We extend a model of wasteful state aid in Dewatripont and Seabright (2006, Journal of the European Economic Association 4, 513-522) by a supranational controlling authority. The model combines moral hazard and adverse selection to show that politicians fund wasteful projects to signal their...
Persistent link: https://www.econbiz.de/10010322231
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Ideology without ideologists
Mechtenberg, Lydia (contributor) - 2007
is high, swing voter behavior can solve the problem. -- Information transmission ; signalling ; ideology ; intraparty …
Persistent link: https://www.econbiz.de/10003633611
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The optimal state aid control: no control
Gregor, Martin; Roháč, Dalibor - 2009
We extend a model of wasteful state aid in Dewatripont and Seabright (2006, Journal of the European Economic Association 4, 513--522) by a supranational controlling authority. The model combines moral hazard and adverse selection to show that politicians fund wasteful projects to signal their...
Persistent link: https://www.econbiz.de/10003823907
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The Political Economy of Redistribution Under Asymmetric Information
Dhami, Sanjit - 2008
This paper examines the political economy of redistribution when voters have asymmetric information about the redistributive preferences of politicians and the latter cannot make credible policy commitments. The candidates in each party are endogenously selected by a process of Nash Bargaining...
Persistent link: https://www.econbiz.de/10012771452
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Hiding Information in Electoral Competition
Heidhues, Paul; Lagerlöf, Johan N. M. - 2002
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
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Ideology Without Ideologists
Mechtenberg, Lydia - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2007
Generally, Democrats do not increase military spending, and Republicans do not raise welfare payments. Mostly, ruling politicians stick to the manifesto of their party. The current paper provides a theoretical explanation for this phenomenon that does not assume politicians or voters to be...
Persistent link: https://www.econbiz.de/10005677886
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Dynamic Collective Choice with Endogenous Status Quo
Dziuda, Wioletta; Loeper, Antoine - Center for Mathematical Studies in Economics and … - 2010
quo can also be mitigated by concentrating decision rights, for instance, by lowering the supermajority requirement. …
Persistent link: https://www.econbiz.de/10008804604
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Identifying the source of incumbency advantage through an electoral reform
Lopes da Fonseca, Mariana - 2015
This study relies on a constitutional reform introducing term limits at the local elections level in Portugal as a natural experiment to estimate incumbency advantage in mayoral elections. It stresses the distinction between partisan and personal incumbency advantage using data on six local...
Persistent link: https://www.econbiz.de/10010504425