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Information affecting a candidate's reputation might have significant electoral consequences. Do candidates respond to … incumbent and challenger increase their campaign spending when detrimental information affects the incumbent's reputation … beneficiaries when detrimental (beneficial) reputation shocks occur …
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Information affecting a candidate's reputation might have significant electoral consequences. Do candidates respond to … incumbent and challenger increase their campaign spending when detrimental information affects the incumbent's reputation … beneficiaries when detrimental (beneficial) reputation shocks occur …
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We consider an infinitely repeated game in which a privately informed, long-lived manager raises funds from short-lived investors in order to finance a project. The manager can signal project quality to investors by making a (possibly costly) forward-looking disclosure about her project's...
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