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We study the relation between the electorate's information about candidates' policy platforms during an election, and the subsequent provision of inefficient local public goods by the elected government. More information does not always lead to better outcomes. We show that the equilibrium...
Persistent link: https://www.econbiz.de/10014177433
Given a set of alternatives with multiple attributes, I characterize the set of preference profiles that are representable by weighted versions of a class of utility functions indexed by a parameter δ 0, where δ ≥ 1 corresponds to the set of Minkowski’s metric functions. In light of the...
Persistent link: https://www.econbiz.de/10014186107
In this paper I study the strategic implications of coalition formation in an assembly. A coalition forms a voting bloc to coordinate the voting behavior of its members, acting as a single player and affecting the policy outcome. In a game of endogenous coalition formation, I show that voting...
Persistent link: https://www.econbiz.de/10014200421
We present an electoral theory on the public provision of local public goods to an imperfectly informed electorate. We show that electoral incentives lead to the efficient provision of local public goods only if the electorate is not well informed. An informed electorate induces candidates to...
Persistent link: https://www.econbiz.de/10014157265