Candidate quality |
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| Authors: | Panu Poutvaara Tuomas Takalo |
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| Institution: | (1) Department of Economics, University of Helsinki, P.O. Box 17, FIN-00014 Helsinki, Finland;(2) Research Department, Bank of Finland, P.O. Box 160, FIN-00101 Helsinki, Finland |
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| Abstract: | We analyze the topical question of how the compensation of elected politicians affects the set of citizens choosing to run.
To this end, we develop a sparse and tractable citizen-candidate model of representative democracy with ability differences,
informative campaigning and political parties. Our results suggest that primaries, campaign costs and rewards have previously
overlooked interactions that should be studied in a unified framework. Surprisingly, increasing the reward may lower the average
candidate quality when the campaigning costs are sufficiently high.
JEL Classification D70 · D72 · D79 |
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| Keywords: | Politicians’ competence Career concerns Campaigning costs Rewards for elected officials Citizen-candidate models |
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