Family Farming is the predominant form of agriculture. It represents the main source of income in rural areas and produces majority of agricultural pr...Read more
Energy & Enviroment
On Monday, May 18th, ISET hosted Mr. Jan Klingelhöfer from RWTH Aachen University who presented his paper titled “The Swing Voters' Blessing" to the ISET community. The paper deals with the following question: can democracy work well if the electorate is neither fully informed nor fully rational?
In order to answer this question, Mr. Klingelhöfer gave an affirmative answer in a model with quality differences between two ideological candidates running for office. The candidates commit to policy platforms before an election takes place. All voters care about the quality of the candidates as well as the policies they offer. However, the quality differences are only observable to a limited number of informed voters.