|
| |
| Franklin Mixon, Jr., Steven Caudill and Christopher Duquette |
| |
| ''The impact of money on elections: evidence from open seat races in the United States House of Representatives, 1990-2004'' |
| ( 2008, Vol. 4 No.2 ) |
| |
| |
| A binary win/loss model is constructed and estimated on the results from 1990-2004 contests for open U.S. House seats. The results indicate that election outcomes are highly sensitive to the major-party candidates' campaign spending ratios, and increases in spending ratios are shown to translate into non-trivial increases the candidate''s probability of winning, a result that holds for both Republicans and Democrats. The payoff to high levels of spending explains why it''s so attractive for candidates to outspend their opponents by large margins. |
| |
| |
| Keywords: public choice |
JEL: D7 - Analysis of Collective Decision-Making: General
H3 - Fiscal Policies and Behavior of Economic Agents: General |
| |
| Manuscript Received : Feb 11 2008 | | Manuscript Accepted : Feb 12 2008 |
|
