We model electoral competition between two parties in a winner-take-all election. Parties choose strategically first their platforms and then their campaign spending under aggregate uncertainty about voters' preferences. We use the model to examine why campaign spending in the United States has...

We model electoral competition between two parties in a winner take all election. Parties choose strategically first their platforms and then their campain spending under aggregate uncertainty about voters' preferences. In the unique Nash equilibrium larger elections are characterized by a...

We model electoral competition between two parties in a winner-take-all election. Parties choose strategically first their platforms and then their campaign spending under aggregate uncertainty about voters' preferences. We use the model to examine why campaign spending in the United States has...