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Sequential elections with limited information

McKelvey, Richard D. and Ordeshook, Peter C. (1986) Sequential elections with limited information. Social Choice and Welfare, 3 (3). pp. 199-211. ISSN 0176-1714. https://resolver.caltech.edu/CaltechAUTHORS:20171114-134424647

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Abstract

We develop an incomplete information model of a sequence of elections in a one-dimensional policy space, where voters have no contemporaneous information about candidate positions, and candidates have no information about voter preferences. The only source of information is contemporaneous endorsement data and historical data on the policy positions of previous winning candidates. We define a notion of “stationary rational expectations equilibrium”, and show that such an equilibrium results in outcomes which are equivalent to those that would occur under full information.


Item Type:Article
Related URLs:
URLURL TypeDescription
http://dx.doi.org/10.2307/2111140DOIReprint
http://www.jstor.org/stable/2111140JSTORReprint
http://resolver.caltech.edu/CaltechAUTHORS:20170919-152059788Related ItemWorking Paper
https://link.springer.com/article/10.1007/BF00433535PublisherArticle
https://doi.org/10.1007/BF00433535DOIArticle
Additional Information:© Springer-Verlag 1986. Received February 15, 1985; Accepted June 9, 1986. We acknowledge support from ISF Grant #SES 82-08184 and #SES 84-09654. Reprinted in American Journal of Political Science Vol. 29, No. 3 (Aug., 1985), pp. 480-512. Formerly SSWP 530.
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Funding AgencyGrant Number
NSFSES-8208184
NSFSES-8409654
Issue or Number:3
Record Number:CaltechAUTHORS:20171114-134424647
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20171114-134424647
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:83193
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:15 Nov 2017 23:31
Last Modified:03 Oct 2019 19:03

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