Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5071630 | Games and Economic Behavior | 2015 | 22 Pages |
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
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Economics and Econometrics
Authors
Elena Panova,