The Heterogeneous Price of a Vote: Evidence from Multiparty Systems, 1993-2017

Yasmine Bekkouche, Julia Cagé, Edgard Dewitte
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引用次数: 16

Abstract

What is the impact of campaign spending on votes? Does it vary across election types, political parties or electoral settings? Estimating these effects requires comprehensive data on spending across candidates, parties and elections, as well as identification strategies that handle the endogenous and strategic nature of campaign spending in multiparty systems. This paper provides novel contributions in both of these areas. We build a new comprehensive dataset of all French legislative and UK general elections over the 1993-2017 period. We propose new empirical specifications, including a new instrument which relies on the fact that candidates are differentially affected by regulation on the source of funding on which they depend the most. We find that an increase in spending per voter consistently improves candidates’ vote share, both at British and French elections, and that the effect is heterogeneous depending on the party. In particular, we show that spending by far-right candidates has much lower returns than spending by other parties, and that this can be partly explained by the social stigma attached to far-right voting. Our findings help reconcile the conflicting results of the existing literature, and improve our understanding of why campaigns matter.
投票的异质性价格:1993-2017年多党制的证据
竞选支出对选票的影响是什么?它是否因选举类型、政党或选举环境而异?估计这些影响需要候选人、政党和选举支出的综合数据,以及处理多党制中竞选支出的内生和战略性质的识别策略。本文在这两个领域都作出了新的贡献。我们建立了1993-2017年期间所有法国立法和英国大选的新的综合数据集。我们提出了新的经验规范,包括一个新的工具,它依赖于候选人受到他们最依赖的资金来源的监管的不同影响这一事实。我们发现,在英国和法国的选举中,每位选民支出的增加都能持续提高候选人的投票份额,而且这种影响因政党而异。特别是,我们表明极右翼候选人的支出比其他政党的支出回报要低得多,这可以部分解释为与极右翼投票相关的社会耻辱。我们的发现有助于调和现有文献中相互矛盾的结果,并提高我们对竞选活动重要性的理解。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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