Voters' Private Valuation of Candidates' Quality
Dimitrios Xefteris and
Enriqueta Aragonès
No 858, Working Papers from Barcelona School of Economics
Abstract:
We study a Downsian model of electoral competition, allowing different voters to have different and private valuations of candidatesÂ’quality. Unlike models in which the votersÂ’valuations of candidatesÂ’ quality are common and common knowledge and which never admit pure strategy equilibria, in our setup we show existence of both converging and mildly diverging pure strategy equilibria. Perhaps more importantly, we uncover a non-monotonic (U-shaped) relationship between the extent of heterogeneity in votersÂ’valuations and the maximum degree of equilibrium platform differentiation. In particular, we demonstrate that: a) a disagreement among voters on which candidate is better leads to a depoliticized vote, while an agreement on this issue leads to a politicized one; and b) as voters become more heterogeneous in how they evaluate candidatesÂ’quality, existence of pure strategy equilibria becomes more likely.
Keywords: private information; Downsian model; advantaged candidate; platform differentiation (search for similar items in EconPapers)
JEL-codes: D72 (search for similar items in EconPapers)
Date: 2016-01
New Economics Papers: this item is included in nep-cdm, nep-mic and nep-pol
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Citations: View citations in EconPapers (1)
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Journal Article: Voters' private valuation of candidates' quality (2017) 
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Persistent link: https://EconPapers.repec.org/RePEc:bge:wpaper:858
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