When do voters respond to campaign finance disclosure? Evidence from multiple election types


Information about how campaigns are financed is abundant in the United States, but we have only scratched the surface of how this information affects voter behavior. How does disclosure affect vote choice and how is this effect mediated by partisan signals? Do the effects of disclosure differ across election types? Using a series of conjoint experiments, I compare the effects of campaigns’ financial profiles on vote choice across direct democratic and representative election types, randomizing subjects’ exposure to additional political cues. I find that while disclosure can affect vote choice, these effects are drowned out by partisan signals. In ballot initiative races, explicit policy information also appears to negate any effect of disclosure. This paper is the first to explore the comparative effects of disclosure across election type, contributing to our understanding of how separate heuristics interact in electoral contexts, with important implications for the design of campaign finance regulation.

Working Paper