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<ItemContent> The spatial location of candidates is important in determining the pattern of campaign contributions. Many PACs and all PAC types, except agricultural cooperatives, contribute in a manner highly consistent with a simple spatial model. There is little giving by an individual PAC to candidates at...</itemcontent>
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In light of the extensive theoretical evidence suggesting absence of equilibrium in voting models, Tullock (1981) asks "Why So Much Stability?" Our results suggest the following answer: Political agents engaged in long-term relationships can sustain highly stable allocations if there are...
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