‘POLITICAL FINANCE’ THREATENS EUROPEAN POLITY
AMERICAN SHADOW LOOMS OVER EUROPEAN DEMOCRACY
2019-01-15 17:26
-
The price of a vote is estimated at € 6 for the legislative elections, and € 32 for the municipal polls in France, according to a working paper ‘The Price of a Vote: Evidence from France 1993-2014’, scheduled to be published in February 2019 and, authored by Julia Cagé, associate professor of economics, Sciences Po Paris, and Yasmine Bekkoiche Ph.D. student at the Paris School of Economics. “Simulations show that small changes in spending patterns and caps can have a large impact on electoral outcomes and seats. Our results suggest that political finance needs to be tightly regulated”, they cautioned. Indeed, money in politics is no more ‘a strictly American phenomenon. In France, despite strong campaign finance laws, campaign donations have a direct influence on legislative and municipal election results”, the authors state.