[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/aea/aejmic/v14y2022i4p616-44.html
   My bibliography  Save this article

Making Elections Work: Accountability with Selection and Control

Author

Listed:
  • Vincent Anesi
  • Peter Buisseret
Abstract
We study the limits of dynamic electoral accountability when voters are uncertain about politicians' characteristics (adverse selection) and their actions (moral hazard). Existing work argues that voters cannot achieve their first-best payoff. This is attributed to inherent deficiencies of the electoral contract, including voters' inability to precommit, and the restriction to a binary retention-replacement decision. We provide conditions under which voters can, despite these constraints, obtain arbitrarily close to the first-best payoff in an equilibrium of the electoral interaction. Our paper resolves that there need not be a trade-off between selection and control.

Suggested Citation

  • Vincent Anesi & Peter Buisseret, 2022. "Making Elections Work: Accountability with Selection and Control," American Economic Journal: Microeconomics, American Economic Association, vol. 14(4), pages 616-644, November.
    • Handle: RePEc:aea:aejmic:v:14:y:2022:i:4:p:616-44
    DOI: 10.1257/mic.20200311
    as

    Download full text from publisher

    File URL: https://www.aeaweb.org/doi/10.1257/mic.20200311
    Download Restriction: no
    File URL: https://www.aeaweb.org/doi/10.1257/mic.20200311.appx
    Download Restriction: no
    File URL: https://www.aeaweb.org/doi/10.1257/mic.20200311.ds
    Download Restriction: Access to full text is restricted to AEA members and institutional subscribers.
    File URL: https://libkey.io/10.1257/mic.20200311?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Delgado-Vega, Álvaro, 2024. "Persistence in power of long-lived parties," European Economic Review, Elsevier, vol. 163(C).

    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aea:aejmic:v:14:y:2022:i:4:p:616-44. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael P. Albert (email available below). General contact details of provider: https://edirc.repec.org/data/aeaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.