The Economics of Political Campaign Finance: FECA and the Puzzle of the Not Very Greedy Grandfathers
AbstractThis paper introduces a structural model of campaign finance which permits estimation of the marginal costs of raising money as well as the marginal benefits of spending and saving money. The model is estimated for the 1986 through 1990 election cycles; the results demonstrate that the probability of retirement hinders an incumbent's ability to raise money and that incumbents willingly trade off electoral security for financial gain. Copyright 1997 by Kluwer Academic Publishers
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Springer in its journal Public Choice.
Volume (Year): 93 (1997)
Issue (Month): 3-4 (December)
Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=100332
Other versions of this item:
- Jeffrey Milyo, 1997. "The economics of political campaign finance: FECA and the puzzle of the not very greedy grandfathers," Public Choice, Springer, vol. 93(3), pages 245-270, December.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Thomas Stratmann, 2006. "Contribution limits and the effectiveness of campaign spending," Public Choice, Springer, vol. 129(3), pages 461-474, December.
- John Lott, 2006. "Campaign finance reform and electoral competition," Public Choice, Springer, vol. 129(3), pages 263-300, December.
- Amihai Glazer & Mark Gradstein, 2005. "Elections with contribution-maximizing candidates," Public Choice, Springer, vol. 122(3), pages 467-482, March.
- James E. Anderson & Thomas J. Prusa, 2001. "Political Market Structure," NBER Working Papers 8371, National Bureau of Economic Research, Inc.
- Thomas Stratmann & Francisco J. & Aparicio-Castillo, 2006. "Competition policy for elections: Do campaign contribution limits matter?," Public Choice, Springer, vol. 127(1), pages 177-206, April.
- Jeffrey Milyo, 1998. "The Electoral Effects of Campaign Spending in House Elections: A Natural Experiment Approach," Discussion Papers Series, Department of Economics, Tufts University 9806, Department of Economics, Tufts University.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.