Abstract
We study elections in which one party (the strong party) controls a source of political unrest; e.g., this party could instigate riots if it lost the election. We show that the strong party is more likely to win the election when there is less information about its ability to cause unrest. This is because when the weak party is better informed, it can more reliably prevent political unrest by implementing a "centrist" policy. When there is uncertainty over the credibility of the threat, "posturing" by the strong party leads to platform divergence.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 499-531 |
| Number of pages | 33 |
| Journal | Quarterly Journal of Economics |
| Volume | 115 |
| Issue number | 2 |
| DOIs | |
| State | Published - May 2000 |
| Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
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