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The effect of post-election asymmetry information possibility on pre-election policy platform choices

Author

Listed:
  • David T Yi

    (Xavier University)

Abstract

In this paper, we examine the effect of a possibility of post-election information asymmetry between voters and candidates on pre-election policy platform choices by candidates. We show that this possibility may lead candidates to over commit during election campaign, which may contribute to an ex post moral hazard problem.

Suggested Citation

  • David T Yi, 2009. "The effect of post-election asymmetry information possibility on pre-election policy platform choices," Economics Bulletin, AccessEcon, vol. 29(4), pages 3233-3243.
    • Handle: RePEc:ebl:ecbull:eb-09-00750
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I4-P313.pdf
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    References listed on IDEAS

    as
    1. Timothy Besley & Stephen Coate, 1997. "An Economic Model of Representative Democracy," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(1), pages 85-114.
    2. Martin J. Osborne & Al Slivinski, 1996. "A Model of Political Competition with Citizen-Candidates," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(1), pages 65-96.
    3. Carmines, Edward G. & Stimson, James A., 1980. "The Two Faces of Issue Voting," American Political Science Review, Cambridge University Press, vol. 74(1), pages 78-91, March.
    4. Wittman, Donald, 1977. "Candidates with policy preferences: A dynamic model," Journal of Economic Theory, Elsevier, vol. 14(1), pages 180-189, February.
    5. Alesina, Alberto, 1988. "Credibility and Policy Convergence in a Two-Party System with Rational Voters," American Economic Review, American Economic Association, vol. 78(4), pages 796-805, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Electoral competition; Ex-post information asymmetry; Moral hazard; Policy platform choice;
    All these keywords.

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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