We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Polarization, Political Instability and Active Learning<sup>*</sup>.
- Authors
Ossokina, Ioulia V.; Swank, Otto H.
- Abstract
Abstract In a multiperiod setting, decision-makers can learn about the consequences of their decisions through experimentation. We examine how polarization and political instability affect learning through experimentation. We distinguish two cases: (i) the decision to be made is not salient and does not affect the outcome of subsequent elections (exogenous elections) and (ii) the decision is salient and the election outcome depends on it (endogenous elections). It is shown that while the possibility of learning increases activism, the existence of political instability distorts learning. Furthermore, we demonstrate that, when elections are exogenous, polarization between political parties does not always decrease active learning.
- Subjects
POLARIZATION (Social sciences); POLITICAL stability
- Publication
Scandinavian Journal of Economics, 2003, Vol 105, Issue 1, p1
- ISSN
0347-0520
- Publication type
Article
- DOI
10.1111/1467-9442.00001