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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/10005097641
We present a model in which the media endorses the character of office-seeking candidates as a means to promote its own ideological agenda. In equilibrium, political parties completely pander to the elite-controlled media under moderate ideological conflict between voters and the elite. Larger...
Persistent link: https://www.econbiz.de/10010740004
Can comparative statements be credible even when absolute statements are not? For instance, can a professor credibly rank different students for a prospective employer even if she has an incentive to exaggerate the merits of each student? Or can an analyst credibly rank different stocks even if...
Persistent link: https://www.econbiz.de/10005795951
leader concerned about his reputation may therefore prefer to work with a person unlikely to do Right. …
Persistent link: https://www.econbiz.de/10005423886
costs when the policy maker is subject to reputation concerns. Conservative institutions that thwart beneficial reform may …
Persistent link: https://www.econbiz.de/10010744253
We study the policy choice of an incumbent politician who is concerned with the public's perception of his capability. The politician decides whether to maintain the status quo or to conduct a risky reform. The success of the reform critically depends on the ability of the politician in oce,...
Persistent link: https://www.econbiz.de/10008617039
This paper investigates the relationship between development, environmental policy determination, and mass media. It stresses the role of mass media as a channel through which the level of development influence environmental policy making. Special interests appear to wield considerable influence...
Persistent link: https://www.econbiz.de/10005696707
This paper analyzes the traditional unidimensional, two-party electoral competition game when parties have mixed motivations, in the sense that they are interested in winning the election, but also in the policy implemented after the contest. In spite of having discontinuous payoffs, this game,...
Persistent link: https://www.econbiz.de/10005504058
We construct a model of redistributive politics where the central government is opportunistic and uses its discretion to make transfers to state governments on the basis of political considerations. These considerations are the alignment between the incumbent parties at the central and state...
Persistent link: https://www.econbiz.de/10004979345
classical one-dimensional election game with two candidates. These candidates are interested in power and ideology, but their weights on these two motives are not necessarily identical. Apart from obtaining the well known median voter result and the two-sided policy differentiation outcome, the...
Persistent link: https://www.econbiz.de/10010780010