Voting as a signaling device

2014 | journal article; research paper. A publication with affiliation to the University of Göttingen.

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​Voting as a signaling device​
Schwager, R. ; Emre Aytimur, R. & Boukouras, A.​ (2014) 
Economic Theory55(3) pp. 753​-777​.​ DOI: https://doi.org/10.1007/s00199-013-0764-0 

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Authors
Schwager, Robert ; Emre Aytimur, R.; Boukouras, Aristotelis
Abstract
In this paper, citizens vote in order to influence the election outcome and in order to signal their unobserved characteristics to others. The model is one of rational voting and generates the following predictions: (i) The paradox of not voting does not arise, because the benefit of voting does not vanish with population size. (ii) Turnout in elections is positively related to the importance of social interactions. (iii) Voting may exhibit bandwagon effects and small changes in the electoral incentives may generate large changes in turnout due to signaling effects. (iv) Signaling incentives increase the sensitivity of turnout to voting incentives in communities with low opportunity cost of social interaction, while the opposite is true for communities with high cost of social interaction. Therefore, the model predicts less volatile turnout for the latter type of communities.
Issue Date
2014
Status
published
Publisher
Springer
Journal
Economic Theory 
Organization
Professur für Finanzwissenschaft 
ISSN
1432-0479; 0938-2259
Language
English

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