Why is There so Little Money in U.S. Politics?

Authors: Ansolabehere, Stephen; de Figueiredo, John M.; Snyder, James M.

Source: The Journal of Economic Perspectives, Volume 17, Number 1, 1 March 2003 , pp. 105-130(26)

Publisher: American Economic Association

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Abstract:

The authors begin by offering an overview of the sources and amounts of campaign contributions in the U.S. In the light of these facts, they explore the assumption that the amount of money in U.S. campaigns mainly reflects political investment. They then offer their perspective that campaign contributions should be viewed primarily as a type of consumption good, rather than as a market for buying political benefits. Although this perspective helps to explain the levels of campaign contributions by individuals and organizations, it opens up new research questions of its own.

Document Type: Research article

DOI: http://dx.doi.org/10.1257/089533003321164976

Publication date: 2003-03-01

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The Journal of Economic Perspectives (JEP) attempts to fill a gap between the general interest press and most other academic economics journals. The journal aims to publish articles that will serve several goals: to synthesize and integrate lessons learned from active lines of economic research; to provide economic analysis of public policy issues; to encourage cross-fertilization of ideas among the fields of thinking; to offer readers an accessible source for state-of-the-art economic thinking; to suggest directions for future research; to provide insights and readings for classroom use; and to address issues relating to the economics profession.
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