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With ideological parties being better informed about the state of the world than voters, the true motivation of policy proposals is hard to judge for the electorate. However, if reform proposals have to be agreed upon by coalition parties, it may become possible for the government to signal to...
Persistent link: https://www.econbiz.de/10003784367
With ideological parties being better informed about the state of the world than voters, the true motivation of policy proposals is hard to judge for the electorate. However, if reform proposals have to be agreed upon by coalition parties, it may become possible for the government to signal to...
Persistent link: https://www.econbiz.de/10008464591
Persistent link: https://www.econbiz.de/10009724339
The paper considers public funding of political parties when some voters are poorly informed about parties' candidates and campaigns are informative. For symmetric equilibria, it is shown that more public funding leads parties to chose more moderate candidates, and that an increase in the...
Persistent link: https://www.econbiz.de/10009580107
Persistent link: https://www.econbiz.de/10010188540
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/10003633611
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
At the start of their term, politicians often announce which issue they intend to address. To shed light on this agenda setting, we develop a model in which a politician has to decide whether or not to address a public issue. Addressing an issue means that the politician investigates the issue...
Persistent link: https://www.econbiz.de/10010326387
The paper considers public funding of political parties when some voters are poorly informed about parties? candidates and campaigns are informative. For symmetric equilibria, it is shown that more public funding leads parties to chose more moderate candidates, and that an increase in the...
Persistent link: https://www.econbiz.de/10010320992
Persistent link: https://www.econbiz.de/10009724330