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Campaign Spending and Incumbency: An Alternative Simultaneous Equations Approach

Erickson, Robert S. and Palfrey, Thomas R. (1998) Campaign Spending and Incumbency: An Alternative Simultaneous Equations Approach. Journal of Politics, 60 (2). pp. 355-373. ISSN 0022-3816. doi:10.2307/2647913.

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This paper estimates the effects of incumbent spending and challenger spending in U.S. House elections in the 1970s and 1980s. The paper employs FIML simultaneous equations analysis involving instrumental variables as vote predictors, and zero-covariance restrictions for the vote-spending disturbances. This procedure allows the estimation of spending effects given plausible assumptions about the effects of unobserved causes of the vote on candidate spending. The results are that incumbent spending matters even with only modest amounts of simultaneity. Evidence is presented to suggest that the effectiveness of new incumbent spending declines with seniority but accumulates to the incumbent's long-term advantage.

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Palfrey, Thomas R.0000-0003-0769-8109
Additional Information:© 1998 by the University of Texas Press. Manuscript submitted 14 October 1996. Final manuscript received 1 September 1997. We gratefully acknowledge the support of NSF through grants SES-9224787 and SES-9223868. We thank Darren Davis for his research assistance.
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Issue or Number:2
Record Number:CaltechAUTHORS:20160303-115014859
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Official Citation:Robert S. Erikson , and Thomas R. Palfrey . "Campaign Spending and Incumbency: An Alternative Simultaneous Equations Approach." The Journal of Politics 1998; 60(2), 355-373. DOI: 10.2307/2647913
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:65025
Deposited By: Susan Vite
Deposited On:14 Mar 2016 23:47
Last Modified:10 Nov 2021 23:38

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