Lobbying, campaign contributions, and electoral competition
نویسندگان
چکیده
منابع مشابه
Political Competition with Campaign Contributions and Informative Advertising
This paper presents a theory of political competition with campaign contributions and informative political advertising. Policy-motivated parties compete by selecting candidates and interest groups provide contributions to enhance the electoral prospects of like-minded candidates. Contributions are used to finance advertising campaigns that provide voters with information about candidates’ ideo...
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We examine the relation between a firm’s campaign contributions and lobbying expenditures and its Tobin’s q. We follow other studies that use q to measure the value of the firm’s intangible capital (e.g., the value of advertising, R&D, or environmental performance). Researchers have found a positive and significant relation between intangible assets and q. If political capital exists, it is an ...
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We study an election with two perfectly informed candidates. Voters share common values over the policy outcome of the election, but possess arbitrarily little information about which policy is best for them. Voters elect one of the candidates, effectively choosing between the two policies proposed by the candidates. We explore under which conditions candidates always propose the voters’ optima...
متن کاملHelping Friends or Influencing Foes: Electoral and Policy Effects of Campaign Finance Contributions
Campaign finance contributions may influence policy by affecting elections or by influencing the choices of politicians once in office. We study the trade-offs between these two paths to influence using a game in which contributions may affect electoral outcomes and signal policy-relevant information to politicians. In the model, an interest group and two politicians each possess private inform...
متن کاملPolicy Persuasion and Electoral Competition
The paper studies the impact of biased media news on policy outcomes in the classical Hotelling-Downs setup of winner-take-all elections with state-dependent payoffs. When voters and the two parties do not observe this state but an ideologically biased media does, it can indulge in two forms of cheap talk messaging: policy advice (that comes before parties commit to platforms) and party endorse...
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ژورنال
عنوان ژورنال: European Journal of Political Economy
سال: 2018
ISSN: 0176-2680
DOI: 10.1016/j.ejpoleco.2018.05.003