What would happen if the current U.S. campaign finance system, mostly based on private donations, were replaced by a public funding scheme of the same magnitude? Some argue that public funding would deprive voters of useful information, but this can only be true if private donations are somehow...

In this paper, we characterize equilibria in games of electoral competition between three or more office-seeking candidates. Recognizing that electoral equilibrium involves both candidates' and voters' strategies, we first prove existence of pure strategy electoral equilibria when candidates...

Many observers and scholars argue that primary elections contribute to ideological polarization in U.S. politics. We test this claim using congressional elections and roll call voting behavior. Many of our findings are null. We find little evidence that the introduction of primary elections, the...

A possible explanation for the rise of the incumbency advantage in U.S. elections asserts that party and incumbency are close informational substitutes. A common claim in the literature is that, as the salience of partisan cues decreased, voters attached themselves to the next available piece of...

One key role of elections is to allow voters to remove politicians who perform poorly in office. We analyze the extent to which incumbents who are involved in relatively serious political scandals lose elections. More importantly, we assess the relative importance of primary and general...

We study newspaper endorsements in state and federal elections, using a new data set with two samples. One sample focuses on big-city newspapers in the United States from 1940 to 2002. A second sample examines 92 newspapers, representing all regions of the country, over the period 1986 to 2002....

In this paper we argue that the literature underestimates the value of primaries because it focuses on overall average effects. We argue that primary elections are most needed in safe constituencies, where the advantaged party's candidate can usually win the general election 舒 even if she is...</italic>

We employ a regression discontinuity design (RDD) based on close elections to estimate the rents from a seat in the U.S. Congress between 1850 and 1880. Using census data, we compare wealth accumulation among those who won or lost their first race by a small margin. We find evidence of...