We consider a model where parties, which di¤er in the strength of their popular appeal, choose how to allocate electoral promises (money, pork-barrel pro jects) among voters. The party with less popular appeal has an incentive to “sell out ” to a favored minority and completely expropriate a fraction of the electorate. By reducing the di¤erence in popular appeal, campaign-…nance regulations may reduce the extent of the expropriation and achieve a more equitable political outcome. “There are two things that are important in politics. The …rst is money and I can’t remember what the second is. ” U.S. Senator Mark Hanna, 1895.
Money in politics is the single largest threat to the democratic system in the United States. It inf...
A common refrain is that there is “too much money in politics”, with many arguing for the public fun...
Advocates of public funding offer four main arguments about the consequences of taxpayer-financed el...
We consider a model in which parties that differ in perceived valence choose how to allocate elector...
Two candidates compete for elective office. Each candidate has information she would like toreveal t...
Efforts to reform the U.S. campaign finance system typically focus on the corrupting influence of la...
This article presents a unified theory explaining several conflicting empirical observations in the ...
Many Americans have become increasingly concerned over the role of money in politics, and back more ...
Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/63363/1/elj.2007.6202.lowlink.pdf_v03.p...
Arguably the most important campaign finance regulations in U.S. federal elections are limits impose...
This manuscript version is made available under the CC-BY-NC-ND 4.0 license: http://creativecommon...
The cost of political campaigns in the U.S. has risen substantially in recent years. For example, re...
I examine the funding of election candidates by special interest groups and parties in the context o...
In the era of Citizens United, as the notion of campaign finance becomes increasingly more entrenche...
The major political parties have blown large and widening holes in federal campaign finance law. The...
Money in politics is the single largest threat to the democratic system in the United States. It inf...
A common refrain is that there is “too much money in politics”, with many arguing for the public fun...
Advocates of public funding offer four main arguments about the consequences of taxpayer-financed el...
We consider a model in which parties that differ in perceived valence choose how to allocate elector...
Two candidates compete for elective office. Each candidate has information she would like toreveal t...
Efforts to reform the U.S. campaign finance system typically focus on the corrupting influence of la...
This article presents a unified theory explaining several conflicting empirical observations in the ...
Many Americans have become increasingly concerned over the role of money in politics, and back more ...
Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/63363/1/elj.2007.6202.lowlink.pdf_v03.p...
Arguably the most important campaign finance regulations in U.S. federal elections are limits impose...
This manuscript version is made available under the CC-BY-NC-ND 4.0 license: http://creativecommon...
The cost of political campaigns in the U.S. has risen substantially in recent years. For example, re...
I examine the funding of election candidates by special interest groups and parties in the context o...
In the era of Citizens United, as the notion of campaign finance becomes increasingly more entrenche...
The major political parties have blown large and widening holes in federal campaign finance law. The...
Money in politics is the single largest threat to the democratic system in the United States. It inf...
A common refrain is that there is “too much money in politics”, with many arguing for the public fun...
Advocates of public funding offer four main arguments about the consequences of taxpayer-financed el...