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Do polls create momentum in political competition?

Author

Listed:
  • Denter, Philipp
  • Sisak, Dana
Abstract
We explore how public opinion polls affect candidates' campaign spending in political competition. Generally, polls lead to (more) asymmetric behavior. Under a majority rule, there always exists an equilibrium in which the initially more popular candidate invests more in the campaign and thereby increases her lead in expectation: polls create momentum. When campaigning is very effective and the race is very close, a second type of equilibrium may exist: The trailing candidate outspends and overtakes his opponent. Regardless of the type of equilibrium, polls have a tendency to decrease expected total campaigning expenditures by amplifying ex-ante asymmetries between candidates and thus defusing competition. When candidates care also for their vote share in addition to having the majority, candidates' incentives crucially depend on the distribution of voters' candidate preferences.

Suggested Citation

  • Denter, Philipp & Sisak, Dana, 2015. "Do polls create momentum in political competition?," Journal of Public Economics, Elsevier, vol. 130(C), pages 1-14.
    • Handle: RePEc:eee:pubeco:v:130:y:2015:i:c:p:1-14
    DOI: 10.1016/j.jpubeco.2015.07.003
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    2. Czerny, Achim I. & Fosgerau, Mogens & Jost, Peter-J. & van Ommeren, Jos N., 2019. "Why pay for jobs (and not for tasks)?," Journal of Economic Behavior & Organization, Elsevier, vol. 168(C), pages 419-433.
    3. Christos Mavridis & Ignacio Ortuño-Ortín, 2018. "Polling in a proportional representation system," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 51(2), pages 297-312, August.
    4. Denter, Philipp & Sisak, Dana, 2016. "Head starts in dynamic tournaments?," Economics Letters, Elsevier, vol. 149(C), pages 94-97.
    5. Denter, Philipp, 2020. "Campaign contests," European Economic Review, Elsevier, vol. 127(C).
    6. Klein, Arnd Heinrich & Schmutzler, Armin, 2017. "Optimal effort incentives in dynamic tournaments," Games and Economic Behavior, Elsevier, vol. 103(C), pages 199-224.
    7. Sharma, Priyanka & Wagman, Liad, 2020. "Advertising and Voter Data in Asymmetric Political Contests," Information Economics and Policy, Elsevier, vol. 52(C).
    8. Klein, Arnd Heinrich & Schmutzler, Armin, 2021. "Incentives and motivation in dynamic contests," Journal of Economic Behavior & Organization, Elsevier, vol. 189(C), pages 194-216.
    9. Philipp Denter & John Morgan & Dana Sisak, 2022. "Showing Off or Laying Low? The Economics of Psych-outs," American Economic Journal: Microeconomics, American Economic Association, vol. 14(1), pages 529-580, February.
    10. Hett, Florian, 2014. "Dynamic Contests with Feedback and Heterogeneity: Empirical Evidence from a Gaming App," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100494, Verein für Socialpolitik / German Economic Association.
    11. Qiang Fu & Jingfeng Lu, 2020. "On Equilibrium Player Ordering In Dynamic Team Contests," Economic Inquiry, Western Economic Association International, vol. 58(4), pages 1830-1844, October.
    12. Dickson, Alex & MacKenzie, Ian A. & Sekeris, Petros G., 2018. "Rent-seeking incentives in share contests," Journal of Public Economics, Elsevier, vol. 166(C), pages 53-62.
    13. Rubén Poblete Cazenave, 2021. "Reputation Shocks and Strategic Responses in Electoral Campaigns," Tinbergen Institute Discussion Papers 21-049/V, Tinbergen Institute.
    14. Denter, Philipp, 2021. "Valence, complementarities, and political polarization," Games and Economic Behavior, Elsevier, vol. 128(C), pages 39-57.
    15. de Roos, Nicolas & Sarafidis, Yianis, 2018. "Momentum in dynamic contests," Economic Modelling, Elsevier, vol. 70(C), pages 401-416.
    16. Thomas R Palfrey & Kirill Pogorelskiy, 2019. "Communication Among Voters Benefits the Majority Party," The Economic Journal, Royal Economic Society, vol. 129(618), pages 961-990.

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    More about this item

    Keywords

    Polls; Political campaigns; Feedback; Momentum; Contest;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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