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Uncertainty and the formal theory of political campaigns

Ferejohn, John A. and Noll, Roger G. (1978) Uncertainty and the formal theory of political campaigns. American Political Science Review, 72 (2). pp. 492-505. ISSN 0003-0554. https://resolver.caltech.edu/CaltechAUTHORS:20171127-163425386

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Abstract

Many empirical investigations indicate that information is scarce and therefore costly to holders and seekers of public office. Indeed, some studies suggest that imperfect information may account for important aspects of the behavior of politicians. Nevertheless, there is as yet no theoretical investigation of political decision making that illustrates the impact of costly information or behavior. In this paper the authors develop a model of electoral competition in which the candidates are only imperfectly aware of public preferences over issues and in which they may have the opportunity to increase the amount of information they hold at some cost. It turns out that the absence of perfect information profoundly affects the strategic structure of candidate competition. If information is costless, two-party electoral contests are naturally modeled as symmetric two-person zero-sum games. However, if candidates have distinct beliefs about voter behavior, the natural game-theoretic representation becomes a non-zero-sum game. This article is concerned mostly with analyzing the consequences of this transformation.


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https://doi.org/10.2307/1954106DOIArticle
https://www.cambridge.org/core/journals/american-political-science-review/article/uncertainty-and-the-formal-theory-of-political-campaigns/9BF3A838025A9B132122AA43839096AAPublisherArticle
http://resolver.caltech.edu/CaltechAUTHORS:20171031-133712634Related ItemWorking Paper
Additional Information:© American Political Science Association 1978. An earlier version of this paper was presented at the 1974 Mathematica] Social Science Board Workshop on "Uncertainty, Political Processes and Public Policy." We are grateful for the comments and encouragement provided by Morris Fiorina, David Grether, Melvin Hinich, Richard McKelvey, Charles Plott, William Riker, Nonnan Schofield, Kenneth Shepsle, and an anonymous referee. We are also grateful to John Allen and Barry Weingast for research assistance. Formerly SSWP 75
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Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20171127-163425386
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ID Code:83478
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:28 Nov 2017 17:46
Last Modified:03 Oct 2019 19:06

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