TITLE

War Chests as Precautionary Savings

AUTHOR(S)
Goodliffe, Jay
PUB. DATE
December 2004
SOURCE
Political Behavior;Dec2004, Vol. 26 Issue 4, p289
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
I present a model of campaign spending and saving in repeated elections which yields empirical implications on the creation of war chests. As previous studies disagree whether war chests deter potential challengers from running against incumbents, I present an alternative model that intentionally excludes deterrence as a motivation and formalizes under what circumstances (if any) a war chest would be created for savings. The model predicts that an incumbent creates a war chest when she faces a weaker challenger, i.e. as precautionary savings for future elections. The model yields several other predictions of incumbent fund-raising, spending, and saving behavior. Using incumbents from 1982-1998 U.S. House elections, I find strong empirical support for the predictions of the model.
ACCESSION #
15876838

 

Related Articles

  • Jewish aid adds to D.C.'s electoral upsets. Pollak, Suzanne // Washington Jewish Week;4/10/2014, Vol. 50 Issue 15, p1 

    The article informs that Pamela Wexler, who was a fourth-grader at the Jewish Primary Day School, participated in the political fund raising event. It is noted that he was criticized by the D.C. ethics board for committing violating the Code of Conduct of the District of Columbia. Topics...

  • Follow the Dark Money. Kroll, Andy; Mahanta, Siddhartha // Mother Jones;Jan/Feb2011, Vol. 36 Issue 1, p10 

    Brief information is given about independent fund-raising groups that funded the midterm 2010 U.S. elections. The groups include Alliance for America's Future, 60 Plus Association, American Action Network, American Crossroads, Americans for Job Security, and Commonsense Ten. The organizations'...

  • Do Campaign Finance Laws Make a Difference? Drage, Jennifer // State Legislatures;Sep2000, Vol. 26 Issue 8, p22 

    Discusses the impact of campaign finance reform on state elections in the United States. Impact of laws on contribution limits on statewide and legislative elections; Information on disclosure of campaign contributions and expenditures; Advantages of electronic filing; Details on the Clean...

  • High court ruling may have huge impact on 2010 races. Wilson, Reid // Hill;9/8/2009, Vol. 16 Issue 98, p4 

    The article reports on the Supreme Court hearing of Citizens United versus Federal Election Commission on the case to overturn key elements of campaign finance law that prevent corporate spending on elections.

  • "Campaign Finance Reform in the American States: The Impact of Contribution Limits on Citizen Behavior and Constitutional Rights,".  // Spectrum: Journal of State Government;Winter2002, Vol. 75 Issue 1, p38 

    Abstracts a paper on state campaign finance and elections presented at the Conference of the State of the States at Texas A&M University, College Station, Texas, March 2 to 3, 2001. 'Campaign Finance Reform in the American States: The Impact of Contribution Limits on Citizen Behavior and...

  • Money Goes to...Money? Dumiak, Michael // U.S. Banker;Oct2002, Vol. 112 Issue 10, p34 

    Focuses on the financial aspects of the mid-term elections to be held in the U.S. in November 2002. Financial services firms' participation in fundraising efforts by political action committees; Insurance company Hartford's interest in local politics; Soft money contributions made by finance...

  • Bailout benefits who now and later? Linden, Jack // Hays Free Press (Buda, TX);12/17/2008, Vol. 105 Issue 37, p4A 

    The article presents the author's view concerning the issues about campaigns and campaign funds in the U.S.

  • The green wave. Stone, Peter H. // National Journal;11/09/96, Vol. 28 Issue 45, p2410 

    Focuses on demands for reform concerning campaign finance in the United States, following the 1996 election outcome. History of the campaign fund-raising efforts of both the Democratic and Republican parties; Irony behind the explosion of soft money to buttress the presidential campaign;...

  • PLENTY OF DEEP POCKETS FOR SOFT MONEY. Mullins, Brody; Mitchell, Charlie // National Journal;3/03/2001, Vol. 33 Issue 9, p640 

    Discusses the weariness felt by individuals, corporations and organizations after donating soft money to political candidates. Amount of soft money contributed in the United States during the 2000 election; Opposition of reform advocates on soft money contributions; Why companies give soft money...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics