The Informational Value of Incumbency
AbstractThis 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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Bibliographic InfoPaper 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.
Date of creation: 28 Apr 2006
Date of revision:
Incumbency; information; candidate quality; selection bias; ideology.;
Other versions of this item:
- Humberto Llavador & Carmen Beviá, 2006. "The informational value of incumbency," Economics Working Papers 962, Department of Economics and Business, Universitat Pompeu Fabra.
- Carmen Bevia & Humberto Llavador, 2006. "The Informational Value of Incumbency," Working Papers 276, Barcelona Graduate School of Economics.
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-05-06 (All new papers)
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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- Enriqueta Aragonès & Santiago Sánchez-Pagés, 2010. "The disadvantage of winning an election," UFAE and IAE Working Papers 811.10, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
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