Estimating the Effect of Campaign Spending on Senate Election Outcomes Using Instrumental Variables

@article{Gerber1998EstimatingTE,
  title={Estimating the Effect of Campaign Spending on Senate Election Outcomes Using Instrumental Variables},
  author={A. Gerber},
  journal={American Political Science Review},
  year={1998},
  volume={92},
  pages={401-411}
}
  • A. Gerber
  • Published 1998
  • Economics
  • American Political Science Review
To examine the traditional view that challenger spending is more effective than incumbent spending, I reestimate the effects of spending using instrumental variables that affect a candidate's ability to raise campaign funds, such as candidate wealth levels. When the endogeneity of candidate spending levels is properly taken into account, the marginal effects of incumbent and challenger spending are roughly equal. In contrast to previous research showing that, because of higher marginal returns… Expand
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