Electoral Competition Under the Threat of Political Unrest
Matthew Ellman () and
Leonard Wantchekon
The Quarterly Journal of Economics, 2000, vol. 115, issue 2, 499-531
Abstract:
We study elections in which one party (the strong party) controls a source of political unrest; e.g., this party could instigate riots if it lost the election. We show that the strong party is more likely to win the election when there is less information about its ability to cause unrest. This is because when the weak party is better informed, it can more reliably prevent political unrest by implementing a "centrist" policy. When there is uncertainty over the credibility of the threat, "posturing" by the strong party leads to platform divergence.
Date: 2000
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The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva
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