When Inertia Generates Political Cycles

We propose a simple infinite horizon of repeated elections with two candidates. Furthermore we suppose that the government policy presents some degree of inertia, i.e. a new government cannot completely change the policy implemented by the incumbent. When the policy inertia is strong enough, no party can win the election a consecutive infinite number of times.

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Year of publication:	2006-06
Authors:	Soubeyran, Raphäel
Institutions:	Fondazione ENI Enrico Mattei (FEEM)
Subject:	Political Cycles \| Inertia

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2006.91
Classification:	D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior ; H7 - State and Local Government; Intergovernmental Relations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005392543