Fehrler, Sebastian Fischbacher, Urs Schneider, Maik
Year of Publication:
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Experiments - Games I No. A02-V2
We examine the incentives to self-select into politics. To this end, we set up a two-stage political competition model and test its key mechanisms in the lab. At the entry stage, potential candidates compete in a contest to become their party’s nominee. At the election stage, the nominated candidates campaign by making non-binding promises to voters. Confirming the model’s key predictions, we find that dishonest people over-proportionally self-select into the political race.