Partially Binding Platforms: Campaign Promises vis‐à‐vis Cost of Betrayal1. (2nd November 2014)

• Record Type: Journal Article
• Authors: Asako, Yasushi
• Is Part Of: Japanese economic review. Volume 66:Number 3(2015:Sep.)
• Page Start: 322
• Page End: 353
• Publication Date: 2014-11-02
• Subjects: Economics -- Periodicals; 330
• DOI: 10.1111/jere.12053
• Languages: English
• ISSNs: 1352-4739

Abstract

<abstract abstract-type="main"> <title> <x xml:space="preserve">Abstract</x> </title> <p>This study examines and models the effects of partially binding campaign platforms in a political competition. Here, a candidate who implements a policy that differs from the platform must pay a cost of betrayal, which increases with the size of the discrepancy. I also analyse endogenous decisions by citizens to run for an election. In particular, the model is able to show two implications that previous frameworks have had difficulty with. First, candidates with different characteristics have different probabilities of winning an election. Second, even knowing that he/she will lose an election, a candidate will still run, hoping to make an opponent's policy approach his/her own policy.</p> </abstract>