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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 …
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In most national elections, voters face a key choice between continuity and change. Electoral turnovers occur when the incumbent candidate or party fails to win reelection. To understand how turnovers affect national outcomes, we study the universe of presidential and parliamentary elections...
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We analyze stock market reactions to announcements of political appointments from the private sector and corporate appointments of former government officials. Using unique data on corporate affiliations and announcements of all Senate-confirmed U.S. Defense Department appointees of six...
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