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• W2188170134 abstract "I document gasoline price distortions of about 1-2 percent in swing states immediately before the last five close U.S. Presidential elections. Prices are lower in swing states in elections with Republican Presidential incumbents (1976, 2004, and 2008) and higher in elections with Democratic incumbents (1980 and 2000). The directions of these price distortions are consistent with prior evidence that voters punish incumbents for high gas prices, and with stock return evidence that suggests that oil companies benefit from Republican wins. Price distortions are present to roughly equal extents in retail and wholesale prices, but not crude oil prices, suggesting that they are introduced by refiners. I find slightly smaller price distortions before European general elections, with signs that vary with the incumbent party in a similar manner." @default.
• W2188170134 created "2016-06-24" @default.
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• W2188170134 date "2012-01-01" @default.
• W2188170134 modified "2023-09-26" @default.
• W2188170134 title "Do Gas Prices Vote for the Right? Political Contributions via Price Distortions" @default.
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• W2188170134 hasPublicationYear "2012" @default.
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