The Loyalty-Competence Trade-Off in Dictatorships and Outside Options for Subordinates
In: The journal of politics: JOP, Band 78, Heft 2, S. 457-466
ISSN: 1468-2508
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In: The journal of politics: JOP, Band 78, Heft 2, S. 457-466
ISSN: 1468-2508
In: The journal of politics: JOP, Band 78, Heft 2, S. 457-466
ISSN: 0022-3816
In: The journal of politics: JOP
ISSN: 0022-3816
In: Public choice, Band 138, Heft 3-4, S. 347-366
ISSN: 1573-7101
This work gives a theoretical explanation for the increase in campaign spending and party polarization in U.S. politics. I assume that the effectiveness of persuasive advertising, and of costly valence campaigning in general, positively depends on the share of nonpartisan voters. A decline in the number of partisan voters in a constituency results in greater campaign spending by the candidates. If the voters are risk-averse, the candidates who maximize their expected office rents minus the cost of campaigning will choose divergent policy platforms strategically in order to reduce the costs of subsequent campaign spending. The degree of policy divergence positively depends on the share of nonpartisan voters for a broad class of voter disutility and candidate cost of valence functions. Adapted from the source document.
In: Public choice, Band 138, Heft 3, S. 347-366
ISSN: 0048-5829
In: Public choice, Band 138, Heft 3-4, S. 347-366
ISSN: 1573-7101