Public Funding of Political Parties
This paper studies the typical European system for public funding of parties, where parties receive public funds depending on their vote share. These funds finance electoral campaigns. It is shown that such a funding system increases policy convergence. The effect is larger, the more funding depends on vote shares. If the parties have access to other means of campaign finance given in a lump-sum way, the effect is moderated. Copyright 2005 Blackwell Publishing Inc..
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Volume (Year): 7 (2005)
Issue (Month): 5 (December)
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