Polarization and Pandering in Common-value Elections
Polarization and Pandering in Common-value Elections
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共同价值选举中的两极分化和迎合
DOI:
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发表时间:
2016
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通讯作者:
Joseph McMurray
中科院分区:
文献类型:
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作者:
Joseph McMurray
Standard election models robustly predict that candidates should adopt moderate policies, especially if they value winning o¢ ce, and that this is good for voter welfare. Empirical polarization is therefore both inexplicable and troubling. This paper shows that if voter di¤erences reect beliefs about an underlying truth variable, rather than idiosyncratic preferences, then polarization is the robust equilibrium prediction, even when the value of winning is high, as both sides claim superiority. Moderation can then be undesirable, as a spatial form of pandering to popular opinion, though the greater danger is over-extremism, which can result from overcondence. JEL Classication Number D72, D82 Keywords: Voting, Elections, Ideology, Median Voter, Information Aggregation, Polarization, Jury Theorem, Public Opinion, Epistemic Democracy, Overcondence