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Journal ArticleDOI

Political competition in judge and prosecutor elections

TLDR
In this article, the authors use a laboratory experiment to investigate how these two important policy changes to political competition affect campaign spending and outcomes and find that subjects spend beyond both the socially optimal level and the amount predicted by theory.
Abstract
The United States is unique in that important actors within the criminal justice system, namely judges and prosecutors, are selected in popular election. Several states are currently adjusting whether political party affiliation is listed on the ballot. Additionally, states differ by how easy it is for candidates from non-dominant parties to gain access to the ballot. We use a laboratory experiment to investigate how these two important policy changes to political competition affect campaign spending and outcomes. Using asymmetric contests designed to capture the institutional change, we find that subjects spend beyond both the socially optimal level and the amount predicted by theory. This over-competition is not uniform, but rather concentrated in those subjects who have the strategic advantage (either dominant-party affiliation or restricted ballot access of competitors). Opening up the election process, therefore, leads to reductions in the wasteful, rent-seeking spending (contrary to theory). Disadvantaged subjects are less likely to exit the race when the election process is opened, as well. Thus, a level playing field promotes participation. Furthermore, we explore heterogeneous treatment effects, finding less campaign spending for risk-loving, non-ambiguity averse, strategically sophisticated, and pro-social subjects. Therefore, elections disproportionately select individuals without these characteristics. Additionally, the mix of those who win the election adjust with changes in the electoral rules as well.

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Citations
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Posted Content

Expenditures and Information Disclosure in Two- Stage Political Contests

TL;DR: In this paper, the authors studied two-stage contests between political parties and found that the first stage expenditures and total expenditures increase, while the second stage expenditures decrease in the carryover rate.

Abstention and Costly Information Acquisition in Elections

Jacob Meyer
TL;DR: In this paper, the authors present a study on the effect of stentation and costly information acquisition in elections, and propose an approach to deal with this issue.ABSTENTATION and COSTLY Information Acquisition
References
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Book

An Economic Theory of Democracy

Anthony Downs
TL;DR: Downs presents a rational calculus of voting that has inspired much of the later work on voting and turnout as discussed by the authors, particularly significant was his conclusion that a rational voter should almost never bother to vote.
Book ChapterDOI

Efficient Rent Seeking

TL;DR: The problem here is that the average cost and marginal cost are not necessarily identical as mentioned in this paper, and the reality is much more complicated than most of the papers in this volume* assume that rent-seeking activity discounts the entire rent to be derived.
Journal ArticleDOI

What Do Judges and Justices Maximize? (The Same Thing Everybody Else Does)

TL;DR: In this article, a positive economic theory of the behavior of appellate judges and Justices is presented, arguing that the effort to insulate judges from significant economic incentives, through devices such as life tenure and stringent conflict of interest rules has not rendered judicial behavior immune to economic analysis.
Journal ArticleDOI

The strategy versus the direct-response method: a first survey of experimental comparisons

TL;DR: A first survey of the literature regarding whether the strategy method, in which a responder makes conditional decisions for each possible information set, leads to different experimental results than does the more standard direct-response method is presented.
Posted Content

Iterated Dominance and Iterated Best-Response in Experimental P-Beauty Contests

TL;DR: The game-theoretic answer is that all the developers should locate exactly where the natural attractions are as mentioned in this paper, but does not depend on the fraction of lazy tourists or the number of developers (as long as there is more than one).
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