1. A Model of Candidate and PAC Relationships: Testing a portfolio theory of PAC behavior.
- Author
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Wand, Jonathan
- Subjects
- *
INCUMBENCY (Public officers) , *POLITICAL candidates , *ELECTIONS , *INVESTMENTS - Abstract
This paper introduces a new approach to modeling the relationships between PACs and House members. I combine information about the entire dynamics history of contributions between PAC-candidate pairs, with cross-sectional information about the portfolio of candidates/incumbents supported by each PAC. Prior approaches focus either on single election cycles, or a small set of elections to analyze relationship between candidates and PACs. No prior work has drawn on information about the portfolio of candidates supported by a PAC to consider the dynamics of replacing a previously supported candidate with someone new..x000d..x000d.Key results include showing that most money to incumbents comes from PACs who supported the member prior to their initial election, and offering new scaling results for PACs. ..PAT.-Unpublished Manuscript [ABSTRACT FROM AUTHOR]
- Published
- 2009