NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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A Theory of Small Campaign Contributions

Laurent Bouton, Micael Castanheira, Allan Drazen

NBER Working Paper No. 24413
Issued in March 2018, Revised in August 2018

---- Acknowledgments ----

We hugely benefited from the insights, comments and suggestions by Scott Ash- worth, Ethan Bueno de Mesquita, Georgy Egorov, Anthony Fowler, Moritz Hennicke, Debraj Ray, Howard Rosenthal, Keith Schnakenberg, Konstantin Sonin, Thomas Stratmann, Francesco Trebbi, Richard Van Weelden, by seminar and conference participants at Barcelona GSE Summer Institute, Harris School (U. Chicago), Harvard, Konstanz, LSE, Namur, NBER PE workshop, Ecole Polytechnique, Pompeu Fabra, Royal Holloway, UBC, Wallis, as well as from comments on a previous step in this research project, in particular the audiences at Georgetown, Warwick, Mannheim, the Priorat Workshop in Theoretical Political Science, and EPSA. This project has received funding from the FNRS (Micael Castanheira), the European Research Council (Laurent Bouton) under the European Union’s Horizon 2020 research and in- novation programme (grant agreement No 637662). Drazen’s research is supported by the National Science Foundation, grant SES 1534132. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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