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The mean voter theorem suggests that all parties should rationally converge to the electoral center. Typically this leads to an outcome which is unattractive to the rich. This paper develops a general stochastic model of elections in which the electoral response is affected by the valence (or...
Persistent link: https://www.econbiz.de/10012776310
Union institutions, and so on). Many politicians get into office through a democratic election, while others are selected or …
Persistent link: https://www.econbiz.de/10012907716
voters' preferences for the outcome of the election. Specifically, we show that candidates benefit from increased voter … attention under all rules other than negative plurality. Second, less attentive voters have a larger impact on the election …
Persistent link: https://www.econbiz.de/10012869460
What explains the wide variation across countries in the use of vote buying and policy promises during election … targeted with vote buying pre-election may receive no government benefits post-election. The results point to obstacles to the …
Persistent link: https://www.econbiz.de/10012970278
We assess the influence of moneyed interests on legislative decisions. Our theory predicts that the vote outcome distribution and donation flows in a legislature feature a discontinuity at the approval threshold of bills if special interest groups are involved in vote buying. Testing the...
Persistent link: https://www.econbiz.de/10012861433
We consider a canonical two-period model of elections with adverse selection (hidden preferences) and moral hazard (hidden actions), in which neither voters nor politicians can commit to future choices. We prove existence of electoral equilibria, and we show that office holders mix between...
Persistent link: https://www.econbiz.de/10013022706
Incumbent politicians may worry about their chances of re-election. Re-election concerns may induce incumbents to write …
Persistent link: https://www.econbiz.de/10013027559
Information affecting a candidate's reputation might have significant electoral consequences. Do candidates respond to the release of information? Using Brazilian elections and audits as an exogenous source of information, I show that both incumbent and challenger increase their campaign...
Persistent link: https://www.econbiz.de/10012545128
parties allow like-minded citizens to, first, share the cost of running in a public election and, second, coordinate on a …
Persistent link: https://www.econbiz.de/10012652734
We provide a game-theoretical model of manipulative election campaigns with two political candidates and a continuum of …-efficient candidate wins the election even if she is more distant from the electorate than her opponent is. In contrast to the existing … election campaign models that do not support information manipulation in equilibrium, our paper rationalizes misleading …
Persistent link: https://www.econbiz.de/10013035471