Abstract

http://ssrn.com/abstract=1422616
 
 

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Soft Money and Hard Choices: Why Political Parties Might Legislate Against Soft Money Donations


David Gill


University of Oxford - Department of Economics

June 19, 2009

Public Choice, Vol. 123, Nos. 3-4, pp. 411-438, 2005

Abstract:     
In contrast to the bulk of the campaign finance literature that highlights political action committee (PAC) contributions and single donations, this paper emphasizes soft money and the rationale for dual contributions. Employing a formal model of unregulated contributions and political access, we show that donors will rationally choose to contribute to both political parties. While the parties accept these dual contributions, they lead to an imbalance between the benefits of contributions and the costs of providing access. This race to acquire unlimited soft money leads to a situation where the parties agree to campaign finance reform legislation.

Number of Pages in PDF File: 35

Keywords: campaign finance, campaign finance reform, campaign funding, political funding, party funding, party finance, donations, political donations, access, political access, dual contributions, politcal action committee, soft money, campaign finance legislation

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Date posted: June 22, 2009  

Suggested Citation

Gill, David, Soft Money and Hard Choices: Why Political Parties Might Legislate Against Soft Money Donations (June 19, 2009). Public Choice, Vol. 123, Nos. 3-4, pp. 411-438, 2005. Available at SSRN: http://ssrn.com/abstract=1422616

Contact Information

David Gill (Contact Author)
University of Oxford - Department of Economics ( email )
Department of Economics
University of Oxford
Oxford, Oxfordshire OX1 3UQ
United Kingdom
HOME PAGE: http://users.ox.ac.uk/~nuff0229/
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