Electoral Competition with Rationally Inattentive Voters
研究选民选择性无知如何影响政治候选人的政策设计,发现极端偏好和小群体选民被赋权、分裂性议题吸引最多关注、公共品资金不足,信息粒度越细效率损失越大。
Abstract This paper studies how voters’ selective ignorance interacts with policy design by political candidates. It shows that the selectivity empowers voters with extreme preferences and small groups, that divisive issues attract most attention, and that public goods are underfunded. Finer granularity of information increases these inefficiencies. Rational inattention can also explain why competing opportunistic candidates do not always converge on the same policy issues.