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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/30577
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| Title: | | Campaigns, political mobility, and communication  |
| Authors: | | Gersbach, Hans |
| Issue Date: | | 2009 |
| Series/Report no.: | | CESifo working paper 2834 |
| Abstract: | | We present a model of elections in which interest group donations allow candidates to shift policy positions. We show that if donations were prohibited, then a unique equilibrium regarding the platform choices of candidates would exist. Our game with financing of political campaigns exhibits two equilibria, depending on whether a majority of interest groups runs to support the leftist or rightist candidate. The equilibria generate a variety of new features of campaign games and may help identify the objective functions of candidates empirically. |
| Subjects: | | elections campaign contributions interest groups |
| JEL: | | C72 D72 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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