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Some talk: Money in politics. A (partial) review of the literature

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Author Info
Thomas Stratmann ()

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Abstract

The financing of political campaigns is an area of active scholarly study. I review some of the recent literature and discuss important methodological issues that arise in empirical research on campaign expenditures and campaign contributions. The effects of campaign expenditures and advertising on candidate and ballot-measure elections are summarized, as are the impacts of contributions on contributors’ welfare. Many states have changed their campaign finance laws in the past few years, and I describe work that exploits variations in these laws. A discussion of the strategies used by interest groups to allocate their campaign contributions provides insights into contributors’ motives. Copyright Springer Science + Business Media, Inc. 2005

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File URL: http://hdl.handle.net/10.1007/s11127-005-4750-3
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Publisher Info
Article provided by Springer in its journal Public Choice.

Volume (Year): 124 (2005)
Issue (Month): 1 (July)
Pages: 135-156
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:pubcho:v:124:y:2005:i:1:p:135-156

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References listed on IDEAS
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.:
  1. Kroszner, Randall S & Stratmann, Thomas, 2005. "Corporate Campaign Contributions, Repeat Giving, and the Rewards to Legislator Reputation," Journal of Law & Economics, University of Chicago Press, vol. 48(1), pages 41-71, April.
  2. Thomas Stratmann, 2009. "How prices matter in politics: the returns to campaign advertising," Public Choice, Springer, vol. 140(3), pages 357-377, September. [Downloadable!] (restricted)
  3. Kroszner, Randall S & Stratmann, Thomas, 1998. "Interest-Group Competition and the Organization of Congress: Theory and Evidence from Financial Services' Political Action Committees," American Economic Review, American Economic Association, vol. 88(5), pages 1163-87, December. [Downloadable!] (restricted)
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  4. Kau, James B & Keenan, Donald & Rubin, Paul H, 1982. "A General Equilibrium Model of Congressional Voting," The Quarterly Journal of Economics, MIT Press, vol. 97(2), pages 271-93, May. [Downloadable!] (restricted)
  5. Stephen Coate, 2004. "Political Competition with Campaign Contributions and Informative Advertising," Journal of the European Economic Association, MIT Press, vol. 2(5), pages 772-804, 09. [Downloadable!] (restricted)
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  6. Grossman, Gene M & Helpman, Elhanan, 1994. "Protection for Sale," American Economic Review, American Economic Association, vol. 84(4), pages 833-50, September. [Downloadable!] (restricted)
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  7. Christian Schultz & Ignacio Ortuno-OrtIn, 2000. "Public Funding of Political Parties," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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  8. Grossman, Gene M & Helpman, Elhanan, 1996. "Electoral Competition and Special Interest Politics," Review of Economic Studies, Blackwell Publishing, vol. 63(2), pages 265-86, April. [Downloadable!] (restricted)
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  9. Lott, John R, Jr, 2000. "A Simple Explanation for Why Campaign Expenditures Are Increasing: The Government Is Getting Bigger," Journal of Law & Economics, University of Chicago Press, vol. 43(2), pages 359-93, October.
  10. Potters, Jan & Sloof, Randolph & van Winden, Frans, 1997. "Campaign expenditures, contributions and direct endorsements: The strategic use of information and money to influence voter behavior," European Journal of Political Economy, Elsevier, vol. 13(1), pages 1-31, February. [Downloadable!] (restricted)
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  11. Djankov, Simeon & Murrell, Peter, 2002. "Enterprise Restructuring in Transition: A Quantitative Survey," CEPR Discussion Papers 3319, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  12. Grier, Kevin B & Munger, Michael C, 1991. "Committee Assignments, Constituent Preferences, and Campaign Contributions," Economic Inquiry, Oxford University Press, vol. 29(1), pages 24-43, January.
  13. Wittman, Donald, 2007. "Candidate quality, pressure group endorsements and the nature of political advertising," European Journal of Political Economy, Elsevier, vol. 23(2), pages 360-378, June. [Downloadable!] (restricted)
  14. Stephen Coate, 2004. "Pareto-Improving Campaign Finance Policy," American Economic Review, American Economic Association, vol. 94(3), pages 628-655, June. [Downloadable!]
  15. Allan Drazen & Nuno Limão & Thomas Stratman, 2004. "Political Contribution Caps and Lobby Formation: Theory and Evidence," NBER Working Papers 10928, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  16. Stratmann, Thomas, 1998. "The Market for Congressional Votes: Is Timing of Contributions Everything?," Journal of Law & Economics, University of Chicago Press, vol. 41(1), pages 85-113, April.
  17. Daniel Houser & Thomas Stratmann, 2008. "Selling favors in the lab: experiments on campaign finance reform," Public Choice, Springer, vol. 136(1), pages 215-239, July. [Downloadable!] (restricted)
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  18. Stratmann, Thomas, 1995. "Campaign Contributions and Congressional Voting: Does the Timing of Contributions Matter?," The Review of Economics and Statistics, MIT Press, vol. 77(1), pages 127-36, February. [Downloadable!] (restricted)
  19. Riezman, Raymond & Wilson, John Douglas, 1997. "Political reform and trade policy," Journal of International Economics, Elsevier, vol. 42(1-2), pages 67-90, February. [Downloadable!] (restricted)
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Full references

Cited by:
(explanations, 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.)

  1. Martimort, David & Semenov, Aggey, 2008. "Ideological Uncertainty and Lobbying Competition," MPRA Paper 6992, University Library of Munich, Germany. [Downloadable!]
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  2. Philip Hersch & Jeffry Netter & Christopher Pope, 2008. "Do Campaign Contributions and Lobbying Expenditures by Firms Create “Political” Capital?," Atlantic Economic Journal, International Atlantic Economic Society, vol. 36(4), pages 395-405, December. [Downloadable!] (restricted)
  3. Elena Panova, 2007. "Congruence Among Voters and Contributions to Political Campaigns," Cahiers de recherche 0722, CIRPEE. [Downloadable!]
  4. Matilde Bombardini & Francesco Trebbi, 2007. "Votes or Money? Theory and Evidence from the US Congress," NBER Working Papers 13672, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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