par Sahuguet, Nicolas ;Persico, Nicola
Référence Economic theory, 28, 1, page (95-124)
Publication Publié, 2006-05
Article révisé par les pairs
Résumé : We consider a model in which parties that differ in perceived valence choose how to allocate electoral promises (money, pork-barrel projects) among voters. The party perceived to be less valent has a greater incentive to "sell out" to a favored minority and completely expropriate a fraction of the electorate. By reducing the difference in perceived valence, campaign-finance regulations may reduce the extent of the expropriation and achieve a more equitable political outcome. We analyze various instruments of campaign-finance regulation from this perspective. © Springer-Verlag 2006.

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