A Signaling Model of Repeated Elections
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- Shotts, K.W. Soc Choice Welfare (2006) 27: 251. doi:10.1007/s00355-006-0129-8
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I develop a two period model of elections in which voters’ first period actions affect candidates’ estimates of voter preferences and thus affect second period electoral and policy outcomes. I find an equilibrium in which centrist voters abstain in the first election, despite facing zero costs of voting and having a strict preference between the alternatives before them. The reason centrists abstain is to signal their preferences to future candidates and thereby promote future policy moderation.