competing in a binary election may purchase votes in a sequential bidding game via up-front binding payments and/or campaign … promises (platforms) that are contingent upon the outcome of the election. We analyze the role of the parties’ budget …

compete in a binary election and may purchase votes in a sequential bidding game via up-front binding payments and/or campaign … promises (platforms) that are contingent upon the outcome of the elec-tion. We analyze the role of the parties.and voters …

This paper presents a dynamic model of election, government formation, and legislation in a parliamentary democracy … choose as a function of the status quo. The status quo thus affects both the election outcomes and the bargaining power of … policy to gain an advantage in both the next election and the subsequent bargaining over government formation and policy …