Condorcet Jury Theorem in a Spatial Model of Elections

In this paper, we study conditions under which the Condorcet Jury Theorem extends to the spatial model of elections. In the model, individuals with ideal points distributed over a unidimensional policy space vote over two alternatives, the location of one of which is uncertain. By employing the techniques used in Bhattacharya (2013), we identify the entire set of symmetric equilibria for almost every voting rule. If there is uncertainty about whether the outcome induced by the policy alternative is to the right or to the left of the status quo, then an election produces three outcomes, exactly one of which is full information equivalent. In the other two equilibria, the status quo always wins. This Â…finding provides a novel explanation for status quo bias in referenda and the growing incumbent advantage in US elections.