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Politics must address multiple problems simultaneously. In an ideal world, political competition would force parties to adopt priorities that reflect the voters' true concerns. In reality, parties can run their campaigns in such a way as to manipulate voters' priorities. This phenomenon, known...
Persistent link: https://www.econbiz.de/10011165585
Persistent link: https://www.econbiz.de/10010765584
Politics must tackle multiple issues at once. In a first-best world, political competition constrains parties to prioritize issues according to the voters' true concerns. In the real world, the opposite also happens: parties manipulate voter priorities by emphasizing issues selectively during...
Persistent link: https://www.econbiz.de/10010552339
This paper analyzes the problem that an incumbent faces during the legislature when deciding how to react to popular initiatives or policy proposals coming from different sources. We argue that this potential source of electoral disadvantage that the incumbent obtains after being elected can...
Persistent link: https://www.econbiz.de/10008592875
This paper characterizes a mixed strategy Nash equilibrium in a one-dimensional Downsian model of two-candidate elections with a continuous policy space, where candidates are office motivated and one candidate enjoys a non- policy advantage over the other candidate. We assume that voters have...
Persistent link: https://www.econbiz.de/10008805384
We study dynamic committee bargaining over an infinite horizon with discounting. In each period a committee proposal is generated by a random recognition rule, the committee chooses between the proposal and a status quo by majority rule, and the voting outcome in period t becomes the status quo...
Persistent link: https://www.econbiz.de/10010266322
The paper studies a simple voting system that has the potential to increase the power of minorities without sacrificing aggregate efficiency. Storable votes grant each voter a stock of votes to spend as desired over a series of binary decisions. By accumulating votes on issues that it deems most...
Persistent link: https://www.econbiz.de/10010276132
We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy and sell their votes with each other. We define the concept of ex ante vote-trading equilibrium, and show by construction that an equilibrium exists. The equilibriumwe...
Persistent link: https://www.econbiz.de/10010286692
We analyze a game of two-sided private information characterized by extreme adverse selection, and study a special case in the laboratory. Each player has a privately known "strength" and can decide to fight or compromise. If either chooses to fight, there is a conflict; the stronger player...
Persistent link: https://www.econbiz.de/10005537375