Expenditures and Information Disclosure in Two-Stage Political Contests
This laboratory experiment studies two-stage contests between political parties. In the first stage, parties run their primaries, and in the second stage, the winners of the primaries compete in the general election. The resource expenditures in the first stage by the winning candidates are partially or fully carried over to the second stage. Experimental results support all major theoretical predictions: the first-stage expenditures and the total expenditures increase, while the second-stage expenditures decrease in the carryover rate. Consistent with the theory, the total expenditures increase in the number of candidates and the number of parties. Contrary to the theory, however, expenditures in both stages of the competition exceed theoretical predictions. Disclosing information about the opponentâ€™s expenditures in the first stage increases the second-stage expenditures and decreases the first-stage expenditures.
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.:
- Moldovanu, Benny & Sela, Aner, 2002.
Sonderforschungsbereich 504 Publications
02-06, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Bognanno, Michael L, 2001. "Corporate Tournaments," Journal of Labor Economics, University of Chicago Press, vol. 19(2), pages 290-315, April.
- Todd R. Kaplan & Aner Sela, 2008.
"Effective Political Contests,"
0804, Ben-Gurion University of the Negev, Department of Economics.
- Pamela Schmitt & Robert Shupp & Kurtis Swope & John Cadigan, 2004.
"Multi-period rent-seeking contests with carryover: Theory and experimental evidence,"
Economics of Governance,
Springer, vol. 5(3), pages 187-211, November.
- John Cadigan & Pamela Schmitt & Kurtis Swope & Robert Shupp, 2004. "Multi-Period Rent-Seeking Contests with Carryover: Theory and Experimental Evidence," Departmental Working Papers 5, United States Naval Academy Department of Economics.
- Baik, Kyung Hwan & Lee, Sanghack, 2000. " Two-Stage Rent-Seeking Contests with Carryovers," Public Choice, Springer, vol. 103(3-4), pages 285-96, June.
- Sheremeta, Roman M., 2010.
"Experimental comparison of multi-stage and one-stage contests,"
Games and Economic Behavior,
Elsevier, vol. 68(2), pages 731-747, March.
- Roman M. Sheremeta, 2009. "Experimental Comparison of Multi-Stage and One-Stage Contests," Working Papers 09-04, Chapman University, Economic Science Institute.
- Sheremeta, Roman, 2009. "Experimental Comparison of Multi-Stage and One-Stage Contests," MPRA Paper 49884, University Library of Munich, Germany.
- Ronald G. Ehrenberg & Michael L. Bognanno, 1988.
"Do Tournaments Have Incentive Effects?,"
NBER Working Papers
2638, National Bureau of Economic Research, Inc.
- Roman M. Sheremeta & Jingjing Zhang, 2009.
"Can Groups Solve the Problem of Overbidding in Contests?,"
Department of Economics Working Papers
2009-05, McMaster University.
- Roman Sheremeta & Jingjing Zhang, 2010. "Can groups solve the problem of over-bidding in contests?," Social Choice and Welfare, Springer, vol. 35(2), pages 175-197, July.
- Roman M. Sheremeta & Jingjing Zhang, 2009. "Can Groups Solve the Problem of Over-Bidding in Contests," Working Papers 09-09, Chapman University, Economic Science Institute.
- Sheremeta, Roman & Zhang, Jingjing, 2009. "Can Groups Solve the Problem of Over-Bidding in Contests?," MPRA Paper 49885, University Library of Munich, Germany.
- Charles A. Holt & Susan K. Laury, 2002. "Risk Aversion and Incentive Effects," American Economic Review, American Economic Association, vol. 92(5), pages 1644-1655, December.
- Amegashie, J Atsu, 1999. " The Design of Rent-Seeking Competitions: Committees, Preliminary and Final Contests," Public Choice, Springer, vol. 99(1-2), pages 63-76, April.
- Levitt, Steven D, 1994. "Using Repeat Challengers to Estimate the Effect of Campaign Spending on Election Outcomes in the U.S. House," Journal of Political Economy, University of Chicago Press, vol. 102(4), pages 777-98, August.
- Potters, J.J.M. & de Vries, C.G. & van Winden, F.A.A.M., 1998.
"An experimental examination of rational rentseeking,"
Other publications TiSEM
496ad30e-8453-4c83-a5e1-5, Tilburg University, School of Economics and Management.
- Potters, Jan & de Vries, Casper G. & van Winden, Frans, 1998. "An experimental examination of rational rent-seeking," European Journal of Political Economy, Elsevier, vol. 14(4), pages 783-800, November.
- Gradstein, Mark, 1998. "Optimal contest design: volume and timing of rent seeking in contests," European Journal of Political Economy, Elsevier, vol. 14(4), pages 575-585, November.
- Sheremeta, Roman, 2009.
"Contest Design: An Experimental Investigation,"
52101, University Library of Munich, Germany.
- J. Atsu Amegashie & C. Bram Cadsby & Yang Song, 2005.
"Competitive Burnout: Theory and Experimental Evidence,"
0507, University of Guelph, Department of Economics and Finance.
- Amegashie, J. Atsu & Cadsby, C. Bram & Song, Yang, 2007. "Competitive burnout: Theory and experimental evidence," Games and Economic Behavior, Elsevier, vol. 59(2), pages 213-239, May.
- Gradstein, Mark & Konrad, Kai A, 1999. "Orchestrating Rent Seeking Contests," Economic Journal, Royal Economic Society, vol. 109(458), pages 536-45, October.
- Davis, Douglas D & Reilly, Robert J, 1998.
" Do Too Many Cooks Always Spoil the Stew? An Experimental Analysis of Rent-Seeking and the Role of a Strategic Buyer,"
Springer, vol. 95(1-2), pages 89-115, April.
- Douglas Davis & Robert Reilly, 1998. "Do too many cooks always spoil the stew? An experimental analysis of rent-seeking and the role of a strategic buyer," Public Choice, Springer, vol. 95(1), pages 89-115, April.
- Sherwin Rosen, 1985.
"Prizes and Incentives in Elimination Tournaments,"
NBER Working Papers
1668, National Bureau of Economic Research, Inc.
- Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer, vol. 10(2), pages 171-178, June.
When requesting a correction, please mention this item's handle: RePEc:sae:jocore:v:54:y:2010:i:5:p:771-798. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications)
If references are entirely missing, you can add them using this form.