Populism, Partisanship, and the Funding of Political Campaigns
AbstractWe deem populism as a politician's effort to appeal to a large group of voters with limited information regarding a policy-relevant state of nature. In our model, the populist motive makes it impossible for political candidates to communicate their information to voters credibly. We show that the presence of special interest groups (SIGs) with partisan preferences can mitigate this e ffect and thereby improve policy. This does not happen because SIGs are better informed than policy makers. Instead, campaign contributions by SIGs allow politicians to insulate themselves from the need to adopt populist platforms. We show that a regime in which SIGs are allowed to contribute to political campaigns welfare-dominates (ex ante) regimes in which no such contributions are allowed, or where campaigns are publicly nuanced, or where they are funded by the candidates' private wealth.
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 Department of Economics, Emory University (Atlanta) in its series Emory Economics with number 1107.
Date of creation: Apr 2011
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-18 (All new papers)
- NEP-CDM-2012-01-18 (Collective Decision-Making)
- NEP-CTA-2012-01-18 (Contract Theory & Applications)
- NEP-POL-2012-01-18 (Positive Political Economics)
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.:
- Schultz, Christian, 2008. "Information, polarization and term length in democracy," Journal of Public Economics, Elsevier, vol. 92(5-6), pages 1078-1091, June.
- Schultz, Christian, 1996.
"Polarization and Inefficient Policies,"
Review of Economic Studies,
Wiley Blackwell, vol. 63(2), pages 331-44, April.
- David Austen-Smith, 1987. "Interest groups, campaign contributions, and probabilistic voting," Public Choice, Springer, vol. 54(2), pages 123-139, January.
- Mike Felgenhauer, 2012. "Revealing information in electoral competition," Public Choice, Springer, vol. 153(1), pages 55-68, October.
- 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, 2007. "Policy Platforms, Campaign Spending and Voter Participation," Levine's Working Paper Archive 618897000000000935, David K. Levine.
- Helios Herrera & David K. Levine & Cesar Martinelli, 2005. "Policy Platforms, Campaign Spending and Voter Participation," Working Papers 0503, Centro de Investigacion Economica, ITAM.
- Heidhues, Paul & Lagerlof, Johan, 2003.
"Hiding information in electoral competition,"
Games and Economic Behavior,
Elsevier, vol. 42(1), pages 48-74, January.
- Baye, M.R. & Kovenock, D. & De Varies, C.G., 1990.
"The All-Pay Auction With Complete Information,"
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.
- 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 Vries, C., 1992. "The All-Pay Auction with Complete Information," Papers 8-92-1, Pennsylvania State - 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.
- Jean-François Laslier & Karine Straeten, 2004. "Electoral competition under imperfect information," Economic Theory, Springer, vol. 24(2), pages 419-446, August.
- Thomas Jensen, 2013. "Elections, Information, and State-Dependent Candidate Quality," Discussion Papers 13-03, University of Copenhagen. Department of Economics.
- : Christian Schultz, .
"The Politics of Persuasion when Voters are Rational,"
93-15, University of Copenhagen. Department of Economics.
- Schultz, Christian, 1995. " The Politics of Persuasion When Voters Are Rational," Scandinavian Journal of Economics, Wiley Blackwell, vol. 97(3), pages 357-68, September.
- Martinelli, Cesar, 2001. " Elections with Privately Informed Parties and Voters," Public Choice, Springer, vol. 108(1-2), pages 147-67, July.
- Cesar Martinelli & Akihiko Matsui, 2000.
"Policy Reversals and Electoral Competition with Privately Informed Parties,"
0003, Centro de Investigacion Economica, ITAM, revised Jul 2000.
- Martinelli, Cesar & Matsui, Akihiko, 2002. " Policy Reversals and Electoral Competition with Privately Informed Parties," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 4(1), pages 39-61.
- Schultz, Christian, 2002. "Policy biases with voters' uncertainty about the economy and the government," European Economic Review, Elsevier, vol. 46(3), pages 487-506, March.
- Klumpp, Tilman & Mialon, Hugo & Williams, Michael, 2012. "Matching Funds in Public Campaign Finance," Working Papers 2012-20, University of Alberta, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sue Mialon).
If references are entirely missing, you can add them using this form.