Election campaign resource allocation

被引:0
|
作者
Yi, David T. [1 ]
机构
[1] Xavier Univ, Dept Econ, Cincinnati, OH 45207 USA
关键词
elections; moral hazard; congruency; effort allocation; efficiency;
D O I
10.1007/s11127-007-9179-4
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper examines an electoral competition model where a candidate allocates his campaign efforts (resources) on two competing projects prior to election. A candidate is congruent if his objective is consistent with the wishes of his constituents and there is no potential political shirking. We show that a congruent candidate needs not exert any efforts towards successful implementation prior to election; however, a less than perfectly congruent candidate must exert efforts prior to election. In equilibrium, two campaign resource allocation strategies emerge; (1) concentrate resources on one project and (2) allocate resources evenly across both projects. We discuss potential inefficiencies that are resulted by these allocation strategies.
引用
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页码:91 / 105
页数:15
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