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When voters fear that politicians may have a right-wing bias or that they may be influenced or corrupted by the rich … right. Truly right-wing politicians respond by choosing more moderate, or even left-of-center policies. This populist bias … polarization between the policy preferences of the median voter and right-wing politicians; when politicians are indeed more likely …
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"We analyze a model in which voters are uncertain about the policy preferences of candidates. Two forces affect the probability of electoral success: proximity to the median voter and campaign contributions. First, we show how campaign contributions affect elections. Then we show how the...
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In their pursuit of being elected, politicians might not provide their constituents with independent viewpoints, but …, "candor", can be sustained as equilibria. This means that the public's trust or distrust in politicians may be self …-fulfilling prophecies. Importantly, the more informed politicians are about public opinion, the more likely it is that populist behavior can …
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