Boyer, Pierre C.; Konrad, Kai A. - Max-Planck-Institut für Steuerrecht und öffentliche … - 2014
We consider a two-candidate campaign competition in majoritarian systems with many voters. Some voters are loyal, some … can be influenced by campaign spending. Own loyalty with respect to a candidate is the voter's private information …. Candidates simultaneously choose their campaign budgets and how to allocate them among the voters. We show that a candidate who …