Abstract
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.
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For helpful discussions and comments I thank David Austen-Smith, Tim Feddersen, Roger Myerson, Tom Palfrey, Ronny Razin, two anonymous reviewers, and seminar participants at Kellogg, NYU, and the 2000 World Congress of the Game Theory Society.
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Shotts, K.W. A Signaling Model of Repeated Elections. Soc Choice Welfare 27, 251–261 (2006). https://doi.org/10.1007/s00355-006-0129-8
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DOI: https://doi.org/10.1007/s00355-006-0129-8