There is a growing literature on the phenomenon of dynasties in democracies, with most studies indicating a causal effect of incumbency on dynasty formation under candidate-centered electoral systems. In this study, we explore the relationship between the incumbency advantage and dynasties in...

This paper models a purely informational mechanism behind the incumbency advantage. In a two-period electoral campaign with two policy issues, a specialized incumbent and an unspecialized, but possibly more competent challenger compete for election by voters who are heterogeneously informed...