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Pandering and Electoral Competition

Author

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  • Gabriele Gratton

    (School of Economics, Australian School of Business, the University of New South Wales)

Abstract

We study an election with two perfectly informed candidates. Voters share common values over the policy outcome of the election, but possess arbitrarily little information about which policy is best for them. Voters elect one of the candidates, effectively choosing between the two policies proposed by the candidates. We explore under which conditions candidates always propose the voters’ optimal policy. The model is extended to include strategic voting, policy-motivated candidates, imperfectly informed candidates, and heterogeneous preferences.

Suggested Citation

  • Gabriele Gratton, 2013. "Pandering and Electoral Competition," Discussion Papers 2012-22B, School of Economics, The University of New South Wales.
    • Handle: RePEc:swe:wpaper:2012-22b
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    File URL: http://research.economics.unsw.edu.au/RePEc/papers/2012-22.pdf
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    References listed on IDEAS

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    2. Andrea Gallice & Edoardo Grillo, 2022. "Legitimize through Endorsement," Carlo Alberto Notebooks 680 JEL Classification: C, Collegio Carlo Alberto.
    3. Millner, Antony & Ollivier, Hélène & Simon, Leo, 2020. "Confirmation bias and signaling in Downsian elections," Journal of Public Economics, Elsevier, vol. 185(C).
    4. Schipper, Burkhard C. & Woo, Hee Yeul, 2019. "Political Awareness, Microtargeting of Voters, and Negative Electoral Campaigning," Quarterly Journal of Political Science, now publishers, vol. 14(1), pages 41-88, January.
    5. Prato, Carlo & Wolton, Stephane, 2022. "Wisdom of the crowd? Information aggregation in representative democracy," Games and Economic Behavior, Elsevier, vol. 135(C), pages 86-95.
    6. Burkhard Schipper & Hee Yeul Woo, 2014. "Political Awareness, Microtargeting of Voters, and Negative Electoral Campaigning," Working Papers 148, University of California, Davis, Department of Economics.
    7. Foucart, Renaud & Schmidt, Robert C., 2019. "(Almost) efficient information transmission in elections," European Economic Review, Elsevier, vol. 119(C), pages 147-165.
    8. Gersbach, Hans & Mamageishvili, Akaki & Tejada, Oriol, 2020. "Appointed Learning for the Common Good: Optimal Committee Size and Efficient Rewards," CEPR Discussion Papers 15311, C.E.P.R. Discussion Papers.
    9. Gersbach, Hans & Mamageishvili, Akaki & Tejada, Oriol, 2022. "Appointed learning for the common good: Optimal committee size and monetary transfers," Games and Economic Behavior, Elsevier, vol. 136(C), pages 153-176.
    10. Eguia, Jon X. & Nicolo, Antonio, 2019. "Information and targeted spending," Theoretical Economics, Econometric Society, vol. 14(2), May.
    11. Robert C. Schmidt, 2015. "The political economy of climate policy," Working Papers 2015015, Berlin Doctoral Program in Economics and Management Science (BDPEMS).
    12. Guido Merzoni & Federico Trombetta, 2016. "The cost of doing the right thing. A model of populism with rent-seeking politicians and the economic crisis," DISEIS - Quaderni del Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo dis1602, Università Cattolica del Sacro Cuore, Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo (DISEIS).
    13. Prato, Carlo & Wolton, Stephane, 2017. "Wisdom of the Crowd? Information Aggregation and Electoral Incentives," MPRA Paper 82753, University Library of Munich, Germany.
    14. McMurray, Joseph, 2022. "Polarization and pandering in common-interest elections," Games and Economic Behavior, Elsevier, vol. 133(C), pages 150-161.
    15. Tomoya Tajika, 2021. "Polarization and inefficient information aggregation under strategic voting," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 56(1), pages 67-100, January.

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    More about this item

    Keywords

    pandering; elections; information aggregation;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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