Article ID Journal Published Year Pages File Type
5071630 Games and Economic Behavior 2015 22 Pages PDF
Abstract
We model expressive voting as a dynamic game with informed and ignorant voters. A voter has selective memory for actions and he is aware of it. We find a unique symmetric equilibrium with ignorant voting. Public signal in favor of one particular alternative creates the bandwagon and underdog effects. When the signal is sufficiently strong, the majority outcome is biased. This is a possible reason for persistence of public policies.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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