Grier, Robin M; Grier, Kevin B - In: Journal of Law and Economics 43 (2000) 1, pp. 239-63
We create a rotating bandit model of executive turnover in politics with autocratic presidents, large and centralized governments, and limited reelection. The model is an extension of McGuire and Olson's 1996 work. We apply our model by studying the relationship between electoral cycles and...