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来源类型Working Paper
规范类型报告
DOI10.3386/w7475
来源IDWorking Paper 7475
Does Political Ambiguity Pay? Corporate Campaign Contributions and the Rewards to Legislator Reputation
Randall S. Kroszner; Thomas Stratmann
发表日期2000
出版年2000
语种英语
摘要Do politicians tend to follow a strategy of ambiguity in their policy positions or a strategy of reputational development to reduce uncertainty about where they stand? Ambiguity could allow a legislator to avoid alienating constituents and to play rival interests off against each other to maximize campaign contributions. Alternatively, reputational clarity could help to reduce uncertainty about a candidate and lead to high campaign contributions from favored interests. We outline a theory that considers conditions under which a politician would and would not prefer reputational development and policy-stance clarity in the context of repeat dealing with special interests. Our proxy for reputational development is the percent of repeat givers to a legislator. Using data on corporate political action committee contributions (PACs) to members of the U.S. House during the seven electoral cycles from 1983/84 to 1995/96, we find that legislators do not appear to follow a strategy of ambiguity and that high reputational development is rewarded with high PAC contributions.
主题Microeconomics ; Welfare and Collective Choice
URLhttps://www.nber.org/papers/w7475
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/565021
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Randall S. Kroszner,Thomas Stratmann. Does Political Ambiguity Pay? Corporate Campaign Contributions and the Rewards to Legislator Reputation. 2000.
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