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This paper uses a sample of recent Senate election results and estimates vote equations that show challenger spending hurts, and incumbent spending helps, incumbent re-election. While both types of spending have diminishing returns, the effects are asymmetrical. Challenger spending is more...
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The traditional median voter model predicts that median income and taxprice are the primary determinants of local school spending levels. It further implies that lump-sum grants wills be utilized like private income, and thus income and grant coefficients should be the same. Our comprehensive...
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