Do Elections lead to Informed Public Decisions?
Democracies delegate substantial decision power to politicians. Using a model in which an incumbent can design, examine and implement public policies, we show that examination takes place in spite of, rather than thanks to, elections. Elections are needed as a carrot and a stick to motivate politicians, yet politicians who are overly interested in re-election shy away from policy examination. Our analysis sheds light on the distance created in mature democracies between the political process and the production of policy relevant information; on the role played by probing into candidates' past; and on the possibility of crowding out desirable political behaviour by increasing the value of holding office.
|democracy, elections, information, media, multiple tasks, policy examination|
|Economic Models of Political Processes: Rent-Seeking, Elections, Legislatures, and Voting Behavior (jel D72), Positive Analysis of Policy-Making and Implementation (jel D78), Asymmetric and Private Information (jel D82)|
|Tinbergen Institute Discussion Paper Series|
Swank, O.H, & Visser, B. (2003). Do Elections lead to Informed Public Decisions? (No. TI 03-067/1). Tinbergen Institute Discussion Paper Series. Retrieved from http://hdl.handle.net/1765/6701