Tag Archives: Credibility and commitment

In this paper we develop a test of whether parties are capable of making credible promises in single-issue elections in which the parties have preferences over policies. Two observations are key: (1) Parties that can commit to specific policies do not adopt platforms that entail large probabilities of losing the election. This is because theContinue reading “A Mechanism for Evaluating the Relevance of Credibility Problems in Politics”