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The Incumbency Effects of Signalling

机译:信令的现有效应

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摘要

Much literature on political behaviour treats politicians as motivated by re-election, choosing actions to signal their types to voters. We identify a novel implication of incumbent signalling. Because incumbents only care about clearing a re-election hurdle, signals will tend to cluster just above the threshold needed for re-election. This generates a skew distribution of signals leading to an incumbency advantage in the probability of election. We also solve for the optimal threshold when voters have the ability to commit
机译:有关政治行为的许多文献都将政客视为连任动机,他们选择了将选民的类型告知选民的行动。我们确定现有信号的新颖含义。由于在位者只关心清除连任障碍,因此信号往往会聚集在刚要连任所需的阈值之上。这会产生信号的偏斜分布,从而导致在选举概率上的在职优势。当选民有能力做出承诺时,我们还解决了最佳阈值

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