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Incumbency Advantage in an Electoral Contest

Author

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  • Matthew T. Cole

    (Department of Economics, Florida International University)

  • Ivan Pastine

    (University College Dublin)

  • Tuvana Pastine

    (National University of Ireland Maynooth)

Abstract

In a campaign spending contest model, this paper investigates whether the sources of incumbency advantage are able to generate the observed pattern of campaign spending and incumbent reelection rates in US elections and assesses the degree to which campaign ?nance reform can mitigate the negative repercussions of incumbency advantage. The paper extends the existing literature by allowing the electoral bene?t to the candidate¡¯s visibility to be stochastic which is intuitively appealing since one dollar of extra spending should not take a candidate from a certain loser to a certain winner. Officeholders¡¯ ability to generate free media exposure alone is shown to be unable to match empirical regularities. Incumbent¡¯s superior fundraising efficiency is the key to matching the observed patterns. In contrast to previous literature, the model predicts that campaign ?nance legislation can help reduce the challenger scare-off effect of incumbency advantage.

Suggested Citation

  • Matthew T. Cole & Ivan Pastine & Tuvana Pastine, 2013. "Incumbency Advantage in an Electoral Contest," Working Papers 1304, Florida International University, Department of Economics.
    • Handle: RePEc:fiu:wpaper:1304
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    References listed on IDEAS

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    3. Ching-Hsing Wang, 2022. "The Effect of Political Donation on Election Outcomes: Evidence from Taiwan Legislative Elections," SAGE Open, , vol. 12(1), pages 21582440221, March.

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