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Political Selection with Cynical Voters

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  • Alvaro Forteza

Abstract

I consider political agency models with endogenous entry of candidates. Two equilibria may arise, one in which only good individuals go into politics and another in which both bad and good individuals do so. These equilibria are self-fulfilling prophecies: voter cynicism raises the survival probabilities of bad politicians and thus induces bad citizens to start a career in politics. If the proportion of good individuals in the society is sufficiently high, the model will show only the good equilibrium. I analyze the impact of popularity shocks on the set of equilibria.

Suggested Citation

  • Alvaro Forteza, 2015. "Political Selection with Cynical Voters," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 171(4), pages 735-750, December.
    • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(201512)171:4_735:pswcv_2.0.tx_2-8
    DOI: 10.1628/093245613X14321895623371
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    References listed on IDEAS

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    3. Aliprantis, Charalambos D. & Tourky, Rabee & Yannelis, Nicholas C., 2001. "A Theory of Value with Non-linear Prices: Equilibrium Analysis beyond Vector Lattices," Journal of Economic Theory, Elsevier, vol. 100(1), pages 22-72, September.
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    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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