The Informational Value of Incumbency

Carmen Beviá and Humberto Llavador ()

Journal of Public Economic Theory, 2009, vol. 11, issue 5, pages 773-796

Abstract: This paper exploits the informational value of incumbency: incumbency confers voters information about governing politicians not available from challengers. We propose a measure of incumbency advantage that improves the use of pure reelection success. We also study the relationship between incumbency advantage, ideological bias, and terms in office. Our argument emphasizes that incumbency affects candidates' chances of winning even if they had no opportunity to strategically utilize policies. Copyright © 2009 Wiley Periodicals, Inc..

Date: 2009

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Related works:
Working Paper: The Informational Value of Incumbency (2006)
Working Paper: The Informational Value of Incumbency (2006)
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