全球智库信息集成服务系统(G2TT): DP15150 The Heterogeneous Price of a Vote: Evidence from Multiparty Systems, 1993-2017

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP15150
	DP15150 The Heterogeneous Price of a Vote: Evidence from Multiparty Systems, 1993-2017
	Yasmine Bekkouche; Julia Cagé; Edgard Dewitte
发表日期	2020-08-10
出版年	2020
语种	英语
摘要	What is the impact of campaign spending on votes? Does it vary across election types, political parties or electoral settings? Estimating these effects requires comprehensive data on spending across candidates, parties and elections, as well as identification strategies that handle the endogenous and strategic nature of campaign spending in multiparty systems. This paper provides novel contributions in both of these areas. We build a new comprehensive dataset of all French legislative and UK general elections over the 1993-2017 period. We propose new empirical specifications, including a new instrument that relies on the fact that candidates are differentially affected by regulation on the source of funding on which they depend the most. We find that an increase in spending per voter consistently improves candidates' vote share, both at British and French elections, and that the effect is heterogeneous depending on candidates' party. In particular, we show that spending by radical and extreme parties has much lower returns than spending by mainstream parties, and that this can be partly explained by the social stigma attached to extreme voting. Our findings help reconcile the conflicting results of the existing literature, and improve our understanding of why campaigns matter.
主题	Economic History ; Public Economics
关键词	Elections Campaign financing Campaign expenditures Campaign finance reform Multiparty electoral data Heterogeneous effects of campaign spending
URL	https://cepr.org/publications/dp15150-0
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/544118
推荐引用方式 GB/T 7714	Yasmine Bekkouche,Julia Cagé,Edgard Dewitte. DP15150 The Heterogeneous Price of a Vote: Evidence from Multiparty Systems, 1993-2017. 2020.