In a multiperiod setting, decision-makers can learn about the consequences of their decisions throughexperimentation. In this paper we examine how in a two-party system polarization and political instability affectlearning through experimentation. We distinguish two cases:the decision to be made...

In the literature on electoral politics full convergence of policy platforms is usually regarded as socially optimal. Thereason is that risk-averse voters prefer a sure middle-of-the-road policy to a lottery of two extremes with the sameexpectation. In this paper we study the normative...

In the literature on electoral politics full convergence of policy platforms is usually regarded as socially optimal. Thereason is that risk-averse voters prefer a sure middle-of-the-road policy to a lottery of two extremes with the sameexpectation. In this paper we study the normative...

In a multiperiod setting, decision-makers can learn about the consequences of their decisions throughexperimentation. In this paper we examine how in a two-party system polarization and political instability affectlearning through experimentation. We distinguish two cases:the decision to be made...

This discussion paper led to a publication in the 'European Journal of Political Economics', 2004, 20, 255-262.<P> In the literature on electoral politics full convergence of policy platforms is usually regarded as socially optimal. Thereason is that risk-averse voters prefer a sure...</p>

In a multiperiod setting, decision-makers can learn about the consequences of their decisions through experimentation. In this paper we examine how in a two-party system polarization and political instability affect learning through experimentation. We distinguish two cases: <OL> <LI>the decision to be...</li></ol>

In the literature on electoral politics full convergence of policy platforms is usually regarded as socially optimal. The reason is that risk-averse voters prefer a sure middle-of-the-road policy to a lottery of two extremes with the same expectation. In this paper we study the normative...

In a multiperiod setting, decision-makers can learn about the consequences of their decisions throughexperimentation. In this paper we examine how in a two-party system polarization and political instability affectlearning through experimentation. We distinguish two cases:the decision to be made...