Strategic Flip-Flopping in Political Competition

Gaëtan Fournier, Alberto Grillo, Yevgeny Tsodikovich

Research output: Contribution to journalArticlepeer-review

Abstract

We study candidates' position adjustments in response to information about voters' preferences. Repositioning allows candidates to move closer to the median voter, but it incurs financial and electoral costs. In a subgame-perfect equilibrium, candidates diverge from the center ex ante if the costs of adjustment are sufficiently large. This allows them to increase the chances of a costless victory when the information is strongly in their favor. Our theory highlights a dynamic of moderation during the campaign stage in competitive elections, as well as a prominent role for minor adjustments made preemptively by the favored candidate.

Original languageAmerican English
JournalInternational Economic Review
DOIs
StateAccepted/In press - 1 Jan 2025

Keywords

  • flip-flop
  • imperfect information
  • re-positioning
  • spatial voting

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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