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The Informational Value of Incumbency

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Author Info
Carmen Bevi? ()
Humberto Llavador ()

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Abstract

This paper proposes an argument that explains incumbency advantage with- out recurring to the collective irresponsibility of legislatures. For that purpose, we exploit the informational value of incumbency: incumbency confers voters informa- ion about governing politicians not available from challengers. Because there are many reasons for high reelection rates di?erent from incumbency status, we pro- pose a measure of incumbency advantage that improves the use of pure reelection uccess. We also study the relationship between incumbency advantage and ideo- ogical and selection biases. An important implication of our analysis is that the iterature linking incumbency and legislature irresponsibility most likely provides an overestimation of the latter.

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Publisher Info
Paper provided by Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) in its series UFAE and IAE Working Papers with number 662.06.

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Length: 31
Date of creation: 28 Apr 2006
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Handle: RePEc:aub:autbar:662.06

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Related research
Keywords: Incumbency; information; candidate quality; selection bias; ideology.;

Other versions of this item:

Find related papers by JEL classification:
D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior
D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy-Making and Implementation

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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. McKelvey, Richard D. & Riezman, Raymond., 1990. "Seniority in Legislatures," Working Papers 725, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
  2. David S. Lee & Enrico Moretti & Matthew J. Butler, 2004. "Do Voters Affect Or Elect Policies? Evidence from the U. S. House," The Quarterly Journal of Economics, MIT Press, vol. 119(3), pages 807-859, August. [Downloadable!] (restricted)
  3. Alesina, Alberto, 1988. "Credibility and Policy Convergence in a Two-Party System with Rational Voters," American Economic Review, American Economic Association, vol. 78(4), pages 796-805, September.
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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. Hodler, R. & Loertscher , S. & Rohner, D., 2007. "Inefficient Policies and Incumbency Advantage," Cambridge Working Papers in Economics 0738, Faculty of Economics, University of Cambridge. [Downloadable!]
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This page was last updated on 2009-12-2.


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