The Informational Value of Incumbency
AbstractThis paper exploits the informational value of incumbency: incumbency confers voters information about governing politicians not available from challengers. We propose a measure of incumbency advantage that improves the use of pure reelection success. We also study the relationship between incumbency advantage, ideological bias, and terms in office. Our argument emphasizes that incumbency affects candidates' chances of winning even if they had no opportunity to strategically utilize policies. Copyright � 2009 Wiley Periodicals, Inc..
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Bibliographic InfoArticle provided by Association for Public Economic Theory in its journal Journal of Public Economic Theory.
Volume (Year): 11 (2009)
Issue (Month): 5 (October)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1097-3923
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Other versions of this item:
- Carmen Bevi? & Humberto Llavador, 2006. "The Informational Value of Incumbency," UFAE and IAE Working Papers 662.06, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Carmen Bevia & Humberto Llavador, 2006. "The Informational Value of Incumbency," Working Papers 276, Barcelona Graduate School of Economics.
- Humberto Llavador & Carmen Beviá, 2006. "The informational value of incumbency," Economics Working Papers 962, Department of Economics and Business, Universitat Pompeu Fabra.
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Aragonès, Enriqueta & Sánchez-Pagés, Santiago, 2010.
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- Enriqueta Aragones & Santiago Sanchez-Pages, 2010. "The disadvantage of winning an election," ESE Discussion Papers 194, Edinburgh School of Economics, University of Edinburgh.
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- Roland Hodler & Simon Loertscher & Dominic Rohner, 2007.
"Inefficient Policies and Incumbency Advantage,"
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996, The University of Melbourne.
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