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- Title
Public Funding of Political Parties.
- Authors
Ortuno-Ortín, Ignacio; Schultz, Christian
- Abstract
This paper studies the typical European system for public funding of parties, where parties receive public funds depending on their vote share. These funds finance electoral campaigns. It is shown that such a funding system increases policy convergence. The effect is larger, the more funding depends on vote shares. If the parties have access to other means of campaign finance given in a lump-sum way, the effect is moderated.
- Subjects
EUROPE; POLITICAL parties; CAMPAIGN funds; FINANCE; ASSOCIATIONS, institutions, etc.; PUBLIC finance
- Publication
Journal of Public Economic Theory, 2005, Vol 7, Issue 5, p781
- ISSN
1097-3923
- Publication type
Article
- DOI
10.1111/j.1467-9779.2005.00244.x