Volume 69, #2

 “Economic Sciences: theory and practice” is scientific, refereed, biannual journal. The Journal of “Economic Sciences: theory and practice” has been founded by Azerbaijan State University of Economics in 1994.              
The Journal has been received to registration in the centre of international ISSN (International Standard Series Number, ISSN-2220-8739). Also, it has been included by the Supreme attestation Commission under the President of Azerbaijan Republic to the list of scientific publications on economic sciences.

About article

Prof. Dr. Omer Gokcekus John C. Whitehead School of Diplomacy and International Relations Seton Hall University, South Orange, NJ 07079, USA E-mail:
Prof. Dr. William H. Kaempfer Vice Provost and Associate Vice Chancellor University of Colorado at Boulder, Boulder, CO 80309, USA E-mail:

Election participants include candidates, interest groups aligned with specific direct-vote ballot measures or referenda and political parties. Armed with a budget of resources, these participants consume a variety of political goods designed to produce the utility associated with a successful election outcome. However these various participants have very different political life cycles: in most cases special interests will participate in only one election or generation in a given jurisdiction; candidates for office can expect a limited number of elections or generations in which they are candidates for a particular office (and perhaps only two of three if term limits are in force); where as political parties can be thought of as infinitely lived. These different political life cycles will impact the choice of political goods by the participants with longer lived participants being more likely to consume durable political goods such as data bases and grass roots organization structures.

Key Words: Interest-groups, campaign budget, political goods
JEL Classification Codes: P16