Policy Platforms, Campaign Spending and Voter Participation
We model electoral competition between two parties in a winner-take-all election. Parties choose strategically first their platforms and then their campaign spending under aggregate uncertainty about voters' preferences. We use the model to examine why campaign spending in the United States has increased at the same time that politics has become more polarized. We find that the popular explanation better targeting of campaign spending is not a likely explanation. While better targeting does lead to greater spending, it leads to less polarization. Instead we argue that the likely explanation is that voters references have become more volatile. This will both raise campaign spending and increase polarization. At the same time it is consistent with the observation that voters have become less committed to the two parties.
(This abstract was borrowed from another version of this item.)
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.:
- David Austen-Smith, 1987. "Interest groups, campaign contributions, and probabilistic voting," Public Choice, Springer, vol. 54(2), pages 123-139, January.
- Christian Schultz, 2003.
"Strategic Campaigns and Redistributive Politics,"
CESifo Working Paper Series
858, CESifo Group Munich.
- Eddie Dekel & Matthew O. Jackson & Asher Wolinsky, 2004.
1386, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Lindbeck, Assar & Weibull, Jorgen W., 1993. "A model of political equilibrium in a representative democracy," Journal of Public Economics, Elsevier, vol. 51(2), pages 195-209, June.
- Prat, A., 1997.
"Campaign Advertising and Voter Welfare,"
1997-118, Tilburg University, Center for Economic Research.
- Stephen Coate, 2001.
"Political Competition with Campaign Contributions and Informative Advertising,"
NBER Working Papers
8693, National Bureau of Economic Research, Inc.
- Stephen Coate, 2004. "Political Competition with Campaign Contributions and Informative Advertising," Journal of the European Economic Association, MIT Press, vol. 2(5), pages 772-804, 09.
- Enriqueta Aragones & Zvika Neeman, 1994.
"Strategic Ambiguity in Electoral Competition,"
1083, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Barry Nalebuff & Roni Shachar, 1997.
"Follow The Leader: Theory And Evidence On Political Participation,"
Yale School of Management Working Papers
ysm57, Yale School of Management.
- Barry Nalebuff & Ron Shachar, 1999. "Follow the Leader: Theory and Evidence on Political Participation," American Economic Review, American Economic Association, vol. 89(3), pages 525-547, June.
- Assar Lindbeck & Jörgen Weibull, 1987. "Balanced-budget redistribution as the outcome of political competition," Public Choice, Springer, vol. 52(3), pages 273-297, January.
When requesting a correction, please mention this item's handle: RePEc:cla:levarc:618897000000000935. 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: (David K. Levine)
If references are entirely missing, you can add them using this form.