{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

File2-page54 - Besley Burgess(2002 Media and Policy...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Besley & Burgess (2002) Media and Policy Incentives work best for opportunistic incumbents who respond when it is in their interest to do so. By exerting effort, they distinguish themselves from dead-beat in- cumbents who do not respond at all. And, crucially, they are more willing to do this when their actions are visible due to media . Incumbent wins if γ · σ · s ( e , m , β ) bracehtipupleft bracehtipdownrightbracehtipdownleft bracehtipupright no. of vulnerable votes + ( 1 γ ) · v bracehtipupleft bracehtipdownrightbracehtipdownleft bracehtipupright no. of non-vulnerable votes > 1 2 where s ( e , m , β ) = β · p ( e , m ) bracehtipupleft bracehtipdownrightbracehtipdownleft bracehtipupright informed shocked voters +( 1 β ) · q ( e , m ) bracehtipupleft bracehtipdownrightbracehtipdownleft bracehtipupright informed non shocked voters
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}