Abstract:Using over 20,000 electoral slates from municipal elections in the Czech Republic, we document that in proportional representation electoral systems political parties rank candidates on the slates systematically according to their valence, measured by educational attainment, and intra-party value, measured by political donations and membership. The observed patterns are consistent with market mechanisms where the party leaders benefit from the valence and intra-party value of candidates and offer slate positio… Show more
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