How Does Money Affect The U.S. Elections?

What Are Super PACs? http://bit.ly/1XNjIvu
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Each election year, candidates spend million of dollars on their campaigns. So do candidates with big money have a better shot at winning?

Learn More:
When Super PACs Attack
http://www.slate.com/articles/news_and_politics/politics/2015/11/super_pac_money_how_political_groups_are_spending_to_influence_the_2016.html
“The Iowa caucuses have finally come and gone, and the super PAC wars continue.”

Candidates and Their Super PACs Can’t Legally Coordinate. Here’s How They Do Anyway.
http://www.slate.com/blogs/the_slatest/2015/11/02/how_candidates_and_their_super_pacs_coordinate_through_the_media.html
“Under federal electoral law, a political candidate cannot “coordinate” with the super PACs supporting his or her campaign.”

Using Repeat Challengers to Estimate the Effect of Campaign Spending on Election Outcomes in the U.S. House
http://pricetheory.uchicago.edu/levitt/Papers/LevittUsingRepeatChallengers1994.pdf
“Previous studies of congressional spending have typically found a large positive effect of challenger spending but little evidence for effects of incumbent spending.”

2012 Presidential Race
https://www.opensecrets.org/pres12/#out
“When all was said and done, Barack Obama and Mitt Romney, the two major party candidates for president in 2012, spent close to $1.12 billion — not counting the millions more spent by the parties and outside groups.”

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