Abstract
This paper offers a strategic rationale for zero-sum thinking in elections. We show that asymmetric information and distributional considerations together make voters wary of policies supported by others. This force impels a majority of voters to support policies contrary to their preferences and information. Our analysis identifies and interprets a form of “adverse correlation” that is necessary and sufficient for zero-sum thinking to prevail in equilibrium.
Original language | English (US) |
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Pages (from-to) | 41-70 |
Number of pages | 30 |
Journal | Econometrica |
Volume | 93 |
Issue number | 1 |
DOIs | |
State | Published - Jan 2025 |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics