What do candidates maximize (and why should anyone care)?

Authors
Citation
J. Milyo, What do candidates maximize (and why should anyone care)?, PUBL CHOICE, 109(1-2), 2001, pp. 119-139
Citations number
32
Categorie Soggetti
Politucal Science & public Administration
Journal title
PUBLIC CHOICE
ISSN journal
00485829 → ACNP
Volume
109
Issue
1-2
Year of publication
2001
Pages
119 - 139
Database
ISI
SICI code
0048-5829(2001)109:1-2<119:WDCM(W>2.0.ZU;2-B
Abstract
Much empirical work on Congressional elections implicitly assumes that cand idates are vote-maximizers; this may be a fair assumption for challengers, but it is not a good description of incumbent behavior. I present a general intertemporal utility maximizing model of candidate behavior, which includ es vote-maximization as a special case. I then demonstrate that these model s have important consequences for both the design and interpretation of emp irical work.