AbstractMost campaigns do not revolve around policy commitments; instead, we think of campaigns as contests in which candidates spend time, energy and money to win. This paper develops models of electoral competition in which candidates select levels of effort. The analysis offers insights into which possible causes of the incumbency advantage are consistent with the empirical record. Marginal asymmetries in costs or technology can explain the advantage; asymmetries in voter preferences cannot. The analysis also speaks to the consequences of campaign finance reform. Reforms can be interpreted as shocks to the cost of influencing voter's perceptions; limits generally increase the likelihood that advantaged incumbents win, and even limits that target incumbents do not actually improve the welfare of disadvantaged challengers. Alternativel,y caps on the amount of effort can either increase or decrease the probability that the disadvantaged candidate wins. Either type of reform lowers voter welfare. Finally, while extant models with fixed valence typically do not generate Fiorina's long-studied marginality hypothesis (that stronger candidates would locate at less centrist polices) extensions to the model with endogenous policy platforms and effort offer more refined and conditional versions of the hypothesis.
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.
Bibliographic InfoPaper provided by Princeton University, Research Program in Political Economy in its series Papers with number 06-21-2007.
Date of creation: Dec 2006
Date of revision:
Contact details of provider:
Web page: http://weblamp.princeton.edu/rppe/papers/papers.php
More information through EDIRC
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.:
- Baye, M.R. & Kovenock, D. & De Vries, C., 1992.
"The All-Pay Auction with Complete Information,"
8-92-1, Pennsylvania State - Department of Economics.
- Kovenock, D. & de Vries, C.G., 1995. "The All-Pay Auction with Complete Information," UFAE and IAE Working Papers 311.95, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Baye, M.R. & Kovenock, D. & De Varies, C.G., 1990. "The All-Pay Auction With Complete Information," Papers 9051, Tilburg - Center for Economic Research.
- Baye, M.R. & Kovenock, D. & De Vries, C.G., 1991. "The All-Pay Auction With Complete Information," Purdue University Economics Working Papers 1007, Purdue University, Department of Economics.
- Baye, M. & Kovenock, D. & Vries, C. de, 1990. "The All-Pay Auction with Complete Information," Discussion Paper 1990-51, Tilburg University, Center for Economic Research.
- Helios Herrera & David K Levine & Cesar Martinelli, 2007.
"Policy Platforms, Campaign Spending and Voter Participation,"
Levine's Working Paper Archive
618897000000000935, David K. Levine.
- Herrera, Helios & Levine, David K. & Martinelli, César, 2008. "Policy platforms, campaign spending and voter participation," Journal of Public Economics, Elsevier, vol. 92(3-4), pages 501-513, April.
- Helios Herrera & David K. Levine & Cesar Martinelli, 2005. "Policy Platforms, Campaign Spending and Voter Participation," Working Papers 0503, Centro de Investigacion Economica, ITAM.
- Adam Meirowitz & Alan E. Wiseman, 2005. "Contributions And Elections With Network Externalities," Economics and Politics, Wiley Blackwell, vol. 17, pages 77-110, 03.
- Stephen Coate, 2004. "Pareto-Improving Campaign Finance Policy," American Economic Review, American Economic Association, vol. 94(3), pages 628-655, June.
- Prat, Andrea, 2002.
"Campaign Advertising and Voter Welfare,"
Review of Economic Studies,
Wiley Blackwell, vol. 69(4), pages 999-1017, October.
- Aragones, Enriqueta & Palfrey, Thomas R., 2002.
"Mixed Equilibrium in a Downsian Model with a Favored Candidate,"
Journal of Economic Theory,
Elsevier, vol. 103(1), pages 131-161, March.
- Aragones, Enriqueta & Palfrey, Thomas. R., 2000. "Mixed Equilibrium in a Downsian Model With a Favored Candidate," Working Papers 1102, California Institute of Technology, Division of the Humanities and Social Sciences.
- Enriqueta Aragonés & Thomas R. Palfrey, 2000. "Mixed equilibrium in a Downsian model with a favored candidate," Economics Working Papers 502, Department of Economics and Business, Universitat Pompeu Fabra.
- David Austen-Smith, 1987. "Interest groups, campaign contributions, and probabilistic voting," Public Choice, Springer, vol. 54(2), pages 123-139, January.
- Dix, Manfred & Santore, Rudy, 2002. "Candidate ability and platform choice," Economics Letters, Elsevier, vol. 76(2), pages 189-194, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.