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...

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 re-election rates in US elections and assesses the degree to which campaign finance reform can mitigate the...