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Congruence Among Voters and Contributions to Political Campaigns

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Listed author(s):
  • Elena Panova
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    Abstract

    This paper builds a theory of electoral campaign contributions. Interest groups contribute to political campaigns to signal their private information on the valence of candidates for office. Campaign contributions by an interest group enhance electoral fortunes by a candidate who is valent with this group. The candidate preferred by an interest group whose private information is the most precise receives the highest contributions and wins political office. Campaign contributions are smaller than donor electoral sorting benefits.

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    File URL: http://www.cirpee.org/fileadmin/documents/Cahiers_2007/CIRPEE07-22.pdf
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    Paper provided by CIRPEE in its series Cahiers de recherche with number 0722.

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    Date of creation: 2007
    Handle: RePEc:lvl:lacicr:0722
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    Keywords: Campaign contributions; incumbency advantage;

    Find related papers by JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • M37 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Advertising

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    10. Abrams, Burton A & Settle, Russell F, 1976. "The Effect of Broadcasting on Political Campaign Spending: An Empirical Investigation," Journal of Political Economy, University of Chicago Press, vol. 84(5), pages 1095-1107, October.
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    13. Steven D. Levitt, 1995. "Policy Watch: Congressional Campaign Finance Reform," Journal of Economic Perspectives, American Economic Association, vol. 9(1), pages 183-193, Winter.
    14. Bengt Holmström, 1999. "Managerial Incentive Problems: A Dynamic Perspective," Review of Economic Studies, Oxford University Press, vol. 66(1), pages 169-182.
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