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A Political Agency Model of Coattail Voting
Social Science Research Network
This paper provides a theoretical model for the coattail e¤ect, where a popular candidate for one branch of government attracts votes to candidates from the same political party for other branches of government. I assume a political agency framework with moral hazard in order to analyze the coattail e¤ect in simultaneous presidential and congressional elections. I show that coattail voting is the outcome of the optimal reelection scheme adopted by a representative voter to motivatedoi:10.2139/ssrn.1813698 fatcat:qzqob6m27zhr3dkgi6cjtolrli