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This short paper investigates the consequences of voters identifying with special interest groups in a spatial model of electoral competition. We show that by effectively coordinating voting behavior, identification with interest groups leads to an increase in the size of the winning set, that...
Persistent link: https://www.econbiz.de/10008869069
We extend the basic model of spatial competition in two directions. First, political parties and voters do not have complete information but behave adaptively. Political parties use polls to search for policy platforms that maximize the probability of winning an election and the voting decision...
Persistent link: https://www.econbiz.de/10005708965
We present a dynamic model of endogenous interest group sizes and policymaking. The model integrates ‘top-down' (policy) and `bottom-up' (individual and social-structural) influences on the development of interest groups. Comparative statics results show that the standard assumption of...
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Prominent theories of decision under risk that challenge expected utility theory model risk attitudes at least partly with transformation of probabilities. This paper shows how attributing local risk aversion to attitudes towards probabilities can produce extreme probability distortions that...
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This article addresses four “stylized facts†that summarize data from experimental studies of voluntary contributions to the provision of public goods. Theoretical propositions and testable hypotheses for voluntary contributions are derived from two models of social preferences, the...
Persistent link: https://www.econbiz.de/10010781105