“…Interestingly, money on hand, an important predictor of primary success, has no effect on whether a candidate drops out of the race in either model. This suggests that even poorly funded candidates with little chance of winning are likely to continue running, perhaps because some candidates are truly "advocacy" candidates and sustain their campaign to make a point, rather than win the nomination, consistent with previous work on candidate exit (e.g., Damore, Hansford, & Barghothi, 2010). Other significant results include the ratio of primaries to caucuses variable, which produces an increase in the hazard.…”