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- Title
Optimal Timing of Policy Announcements in Dynamic Election Campaigns.
- Authors
Kamada, Yuichiro; Sugaya, Takuo
- Abstract
We construct a dynamic model of election campaigns. In the model, opportunities for candidates to refine/clarify their policy positions are limited and arrive stochastically along the course of the campaign until the predetermined election date. We show that this simple friction leads to rich and subtle campaign dynamics. We first demonstrate these effects in a series of canonical static models of elections that we extend to dynamic settings, including models with valence and a multidimensional policy space. We then present general principles that underlie the results from those models. In particular, we establish that candidates spend a long time using ambiguous language during the election campaign in equilibrium.
- Publication
Quarterly Journal of Economics, 2020, Vol 135, Issue 3, p1725
- ISSN
0033-5533
- Publication type
Article
- DOI
10.1093/qje/qjaa010