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This article analyses the dynamics of electoral promises, building on an electoral competition model with endogenous policies. It extends the Grossman-Helpman (1994) model [Grossman G., Helpman E. [1994], "Protection for sale", American Economic Review, 84, 4, 833-850] to include sanctions from...
Persistent link: https://www.econbiz.de/10003806719
We develop a dynamic model of political competition. Each party has a policymotivated ideological wing and an office-motivated opportunistic wing. A blockade arises if inner-party conflict stops policy implementation. We use this model to study whether early elections should be used to overcome...
Persistent link: https://www.econbiz.de/10003796136
We develop a dynamic model of political competition. Each party has a policymotivated ideological wing and an office-motivated opportunistic wing. A blockade arises if inner-party conflict stops policy implementation. We use this model to study whether early elections should be used to overcome...
Persistent link: https://www.econbiz.de/10003935643
The concept of electoral competition plays a central role in many subfields of political science, but no consensus exists on how to measure it. One key challenge is how to conceptualize and measure electoral competitiveness at the district level across alternative electoral systems. Recent...
Persistent link: https://www.econbiz.de/10011951989
economic decision-making – is important in politics. We show that politicians ‘gamble for re-election’ in the context of a … on MPs’ individual decisions in a de facto vote for the 2021 leadership election of Germany’s centre-right parties. MPs … are more likely to vote for a riskier candidate when faced with tougher re-election races in their constituency …
Persistent link: https://www.econbiz.de/10014543709
Incumbency advantage is a well known phenomenon in developed countries such as the US. Recent work on Brazil and India has suggested that incumbents are disadvantaged when seeking reelection in developing countries. Most of the research on developing countries has focused on estimating...
Persistent link: https://www.econbiz.de/10014160502
winner of the general election. …
Persistent link: https://www.econbiz.de/10013335975
I show that lobbying generates negative externalities, which affect non-lobbying companies. When a piece of new legislation passes in Congress, non-lobbying companies in aggregate lose $1.9bn in market value. I obtain this result using a novel dataset combining comprehensive information on...
Persistent link: https://www.econbiz.de/10012896997
The nineteenth century was a time of substantial changes in the patterns of economic growth and the structure of and allocation of political rights. The concurrence of these changes is not coincidental. We develop a model in which ideological parties representing elites use the allocation of...
Persistent link: https://www.econbiz.de/10014070774
In models of political economy, institutionalization of free and open elections is presented as infusing competition into a previously monopolized regime. Due to elections, representative democracies are thought to reflect the will of the majority as opposed to the will of the elites. I...
Persistent link: https://www.econbiz.de/10013063731