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current policy choice. Deviating from (exogenous) traditional party policy reduces the credibility of a party in the eyes of … voters of both parties. They get either desensitised or over-sensitised in respect to party credibility which alters the …
Persistent link: https://www.econbiz.de/10011441433
In developing countries with weak institutions, there is implicitly a large reliance on elections to instill norms of accountability and reduce corruption. In this paper we show that electoral discipline may be ineffective in reducing corruption when political competition is too high or too low....
Persistent link: https://www.econbiz.de/10011594150
leader concerned about his reputation may therefore prefer to work with a person unlikely to do Right. -- Reputation ; team …
Persistent link: https://www.econbiz.de/10009502700
We study the informational effectiveness of electoral campaigns. Voters may not think about all political issues and have incomplete information with regard to political positions of candidates. Nevertheless, we show that if candidates are allowed to microtarget voters with messages then...
Persistent link: https://www.econbiz.de/10011764917
We analyze the consequences of a monopolistic, non-partisan, profit-maximizing media on policy divergence. The media undertakes costly coverage that may reveal the quality of an office-seeking political challenger only if quality-conscious voters pay an access fee. Voters are ideologically...
Persistent link: https://www.econbiz.de/10012010434
This paper investigates the relationship between media manipulation, the strategic suppression of relevant information by mass media, and self-mediatization, the strategic exploitation of media coverage by candidates, in elections. In the model, a voter cannot directly observe the policies...
Persistent link: https://www.econbiz.de/10012937439
current policy choice. Deviating from (exogenous) traditional party policy reduces the credibility of a party in the eyes of … voters of both parties. They get either desensitised or over-sensitised in respect to party credibility which alters the …
Persistent link: https://www.econbiz.de/10013428394
We consider a two-agent hierarchical organization with a leader and a manager in a reputation-signaling model. The … conservatively when she is subject to reputation concerns. We have two main findings. First, aside from its usual distortionary … effects, the leader’s reputation concern has a beneficial effect by inducing the manager to supply productive effort and …
Persistent link: https://www.econbiz.de/10014097189
Persistent link: https://www.econbiz.de/10002071407
We study political competition in an environment in which voters have private information about their preferences. Our framework covers models of income taxation, public-goods provision or publicly provided private goods. Politicians are vote-share-maximizers. They can propose any policy that is...
Persistent link: https://www.econbiz.de/10010358277