Information and targeted spending
研究选民信息不完全时地方公共品供给的选举理论,发现信息不足导致支出增加,而信息充分的选民会促使候选人仅向特定群体定向拨款,可能降低总体福利。
We present an electoral theory on the public provision of local public goods to an imperfectly informed electorate. We show that electoral incentives lead to greater spending if the electorate is not well informed. A more informed electorate induces candidates to target funds only to specific constituencies, which can reduce aggregate welfare.