endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition … unilaterally, but faces competition from a political opponent in the future. Both parties care about voters payoffs, but they have … different beliefs about how policy choices will map into future economic outcomes. We show that when the incumbent party can …

endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition … unilaterally, but faces competition from a political opponent in the future. Both parties care about voters payoffs, but they have … different beliefs about how policy choices will map into future economic outcomes. We show that when the incumbent party can …

We report two information cascade game experiments that directly test the impact of altruism on observational learning … substantial public information which increases the earnings of participants. In Experiment 2, participants have better … opportunities to learn about the strategies played by observed which amplifies the impact of altruism on observational learning …

in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid …

interact with policy design by politicians? We address these questions by developing a model of electoral competition with …

by the strength of a private learning channel from prices, arising from the multidimensional sources of asymmetric … information, in relation to the usual public learning channel. When the private learning channel is strong (weak) in relation to …