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The Informational Value of Incumbency

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dc.creator Beviá, Carmen
dc.creator Llavador, Humberto
dc.date 2007-10-31T08:46:59Z
dc.date 2007-10-31T08:46:59Z
dc.date 2006-04-28
dc.date.accessioned 2017-01-31T00:57:48Z
dc.date.available 2017-01-31T00:57:48Z
dc.identifier http://hdl.handle.net/10261/1744
dc.identifier.uri http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1744
dc.description This paper proposes an argument that explains incumbency advantage with-out recurring to the collective irresponsibility of legislatures. For that purpose, we exploit the informational value of incumbency: incumbency confers voters information about governing politicians not available from challengers. Because there are many reasons for high reelection rates diferent from incumbency status, we propose a measure of incumbency advantage that improves the use of pure reelection success. We also study the relationship between incumbency advantage and ideological and selection biases. An important implication of our analysis is that the literature linking incumbency and legislature irresponsibility most likely provides an overestimation of the latter.
dc.language eng
dc.relation UFAE and IAE Working Papers
dc.relation 662.06
dc.rights openAccess
dc.subject Incumbency
dc.subject Information
dc.subject Candidate quality
dc.subject Selection bias
dc.subject Ideology
dc.title The Informational Value of Incumbency
dc.type Documento de trabajo


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