Analyzing Electoral Promises with Game Theory (Routledge Focus on Economics and Finance)

127 Pages·2020·3.466 MB·English

by  Yasushi Asako

Analyzing Electoral Promises
with Game Theory
Electoral promises help to win votes and political candidates, or par-
ties should strategically choose what they can deliver to win an elec-
tion. Past game-theoretical studies tend to ignore electoral promises
and this book sheds illuminating light on the functions and effects
of electoral promises on policies or electoral outcomes through game
theory models. This book provides a basic framework for game-
theoretical analysis of electoral promises.
The book also includes cases to illustrate real life applications of
these theories.
Yasushi Asako is Associate Professor at the Faculty of Political Science
and Economics, Waseda University.
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Analyzing Electoral Promises with Game Theory
Yasushi Asako
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RFEF
Analyzing Electoral
Promises with Game
Theory
Yasushi Asako
First published 2021
by Routledge
2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN
and by Routledge
52 Vanderbilt Avenue, New York, NY 10017
Routledge is an imprint of the Taylor & Francis Group, an informa business
© 2021 Yasushi Asako
The right of Yasushi Asako to be identified as the author of this
work has been asserted in accordance with sections 77 and 78 of the
Copyright, Designs and Patents Act 1988.
All rights reserved. No part of this book may be reprinted or
reproduced or utilised in any form or by any electronic, mechanical,
or other means, now known or hereafter invented, including
photocopying and recording, or in any information storage or
retrieval system, without permission in writing from the publishers.
Trademark notice: Product or corporate names may be trademarks
or registered trademarks, and are used only for identification and
explanation without intent to infringe.
British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from the British Library
Library of Congress Cataloging-in-Publication Data
A catalog record has been requested for this book
ISBN: 978-0-367-44424-2 (hbk)
ISBN: 978-1-003-00963-4 (ebk)
Typeset in Times New Roman
by codeMantra
Contents
List of figures vii
List of table ix
Acknowledgements xi
1 Electoral promises in formal models 1
2 Electoral promises as a commitment device 22
3 Electoral promises as a signal 58
4 Electoral promises with vague words 96
Index 113
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Taylor & Francis Group
http:// taylorandfrancis.com
Figures
1.1 Completely, Non-, and Partially Binding Platforms 3
1.2 Platforms and Policies of Each Type 7
1.3 Concave and Convex Preferences 10
2.1 Candidates Having Asymmetric Characteristics 31
3.1 Lemma 3.4 63
3.2 Pooling Equilibrium 66
3.3 Semi-Separating Equilibrium 69
3.4 Separating Equilibrium 90
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Table
1.1 New Settings and Implications of Each Chapter 11