When voters fear that politicians may have a right-wing bias or that they may be influenced or corrupted by the rich … right. Truly right-wing politicians respond by choosing more moderate, or even left-of-center policies. This populist bias … polarization between the policy preferences of the median voter and right-wing politicians; when politicians are indeed more likely …

campaign finance systems are considered: a full anonymity (FA) system in which neither the politicians nor the voters are … informed about the donors' ideal policies or levels of donations; a partial anonymity (PA) system in which only the politicians … which both the politicians and the voters are informed about the donors' ideal policies and donations. We find that donors …

voters' capacity to identify and empower well-suited politicians. In our model, candidates are heterogeneous in two …