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Median Voter Theorem
• Assumptions:
• Single dimensional issue space• Pairwise vote• Voters always vote (no abstentions)• Voters have one unique preferred position• Voters’ preferences “single peaked”• Parties/candidates maximize chances of winning• Preferences are normally distributed in
electorate
Median Voter Theorem
• If all voters vote and their preferences are single-peaked and on a single dimension, then the median ideal preference can defeat all other positions in a pairwise vote.
Questions
• What are the incentives for general election candidates given MVT?
• How will candidate behavior change if you substitute a skewed or polarized electorate for a normally distributed one?
Changes in the campaign environment
• Professionalization
• Specialization
• Computerization
• Polling
• Communications technology
What role do parties play in these campaigns?
• Candidates hire partisan professionals to run campaigns
• In most races, the candidate is on her own• In competitive races, the party can spend
a lot of money– not always the way the candidate would like
• Campaign finance laws favor candidate-centered system
Campaign Finance Restrictions on party spending
• Contributions to candidates
• Coordinated spending with candidate
• Independent expenditures in favor of candidate
• Voter mobilization
Limits on party spending
Limit for 2008, per election
Contributions to candidates $5000 from state party
$5000 natl party to House
$35,000 natl party to Senate
Coordinated spending with candidate
House: $41,000
Senate: $81,000-$2M
Independent expenditures in favor of candidate
No limit,
can’t be coordinated
Voter mobilization State and local parties can spend as much as they want, as long as they raise it on their own
Limits on how parties can raise money
• National party committees can receive• $15,000 from PACs per calendar year• $25,000 from individuals per calendar year
• State party committees (that deal with federal elections) can receive
• $10,000 from an individual
• Party units can transfer unlimited amounts between themselves
Soft Money
• Unregulated contributions TO state parties
• State parties used to be able to use soft money for “party building” activities for federal elections
• “Issue ads” allowed
• What was so bad?– federal candidates helped raise it– issue ads advocated for candidates
McCain-FeingoldBipartisan Campaign Reform Act
• National parties can only raise money in regulated amounts (Hard money)
• State parties have to fund activities related to federal elections with hard money (mostly)
• All “electioneering communications” aired within 60 days of a federal election (or 30 days of a caucus/primary/convention) must be paid for with “hard” money
• Parties can’t make both coordinated and independent expenditures. Have to choose.
Effects of McCain-Feingold (BCRA)
• Strange bedfellows in debate
• Raises the importance of hard money
Advantages of BCRA, 2004?
Amount raised from
individuals, 2003-2004
Amount raised in small
increments (<$200)
Republican National Committee
350,368,907 66,170,884
Democratic National Committee
334,531,234 13,809,468
Top Ten Democratic 527s in 2004
America Coming Together - NonFederal Account 79,795,487
Joint Victory Campaign 2004 71,811,666
The Media Fund 59,404,183
Service Employees International Union Political Education & Action Fund 48,426,867
AFSCME Special Account 25,144,915
MoveOn.org Voter Fund 12,558,215
New Democrat Network Non Federal Account 12,726,158
Citizens for a Strong Senate 10,853,730
Sierra Club Voter Education Fund 87,271,27
EMILYS List Non Federal 77,399,46
Top Ten Republican 527s, 2004
Progress for America Voter Fund 44,929,178
Swift Boat Vets and POWs for Truth 25,758,413
Club for Growth 19,365,903
College Republican National Committee, Inc. 16,830,651
Club for Growth.net 4,115,037
National Association of Realtors 527 Fund 3,215,263
The November Fund 3,151,170
CA Republican National Convention Delegation 2004 Account 4,393,055
Republican Leadership Coalition, Inc. 2,365,550
National Federation of Republican Women 2,201,533