This paper presents time-series evidence on the voting behavior of members of the U.S. House of Representatives from 1975 to 1990. The empirical results indicate that voting behavior of individual congressmen is remarkably stable over time. The authors find no evidence of economically...

This paper shows that, contrary to G. S. Becker's work, there is no innate tendency for political competition to reduce the total cost of government wealth transfers. Simple examples demonstrate how the effects of government policies on total wealth boil down to the elasticities of the marginal...

The existing literature ignores the fact that the marginal return to current campaign expenditures depends on the candidate's stock of brand name. This simple observation is then used to provide a possible explanation for the negative empirical relationship observed between an incumbent's...

California's legislative term limits have dramatically reduced campaign expenditures. Real expenditures during the three general elections after the term limits initiative passed in 1990 were lower than in even 1976. This drop has occurred at the same time that races have become closer contests...