In this paper, we are trying first to exhibit why – paradoxically – the local economic performance is not able to explain the regional vote in France. In a second time, we build a Political Economy model (pooled time series), testing voting for regional incumbents and Front National as well....

We build a model inspired by the standard hedonic approach developed by Rosen (1974) and completed by Landon and Smith (1997, 1998) to analyse the price of French vaulting stallion semen in 2004. We show that reputation, modelled as an endogenous factor, plays a less important role than...