In modern democracies, common wisdom suggests that political parties alternate in power due to voters' disappointment. The aim of this paper is to show that parties' turnover may be due to voters' "satisfaction." Our model is built on two main assumptions: Parties "own" different issues, and...

We propose a two dimensional infinite horizon model of public consumption in which investments are decided by a winner-take-all election. Investments in the two public goods create a linkage across periods and parties have different specialities. We show that the incumbent party vote share...

We propose a two dimensional infinite horizon model of public consumption in which investments are decided by a winner-take-all election. Investments in the two public goods create a linkage across periods and parties have different specialities. We show that the incumbent party vote share...

We propose a two dimensional infinite horizon model of public consumption in which investments are decided by a winner-take-all election. Investments in the two public goods create a linkage across periods and parties have different specialities. We show that the incumbent party vote share...

Does a disadvantaged candidate always choose an extremist program? When does a less competent candidate have an incentive to move to extreme positions in order to differentiate himself from the more competent candidate? Recent work answers by the affirmative — Groseclose (1999), Ansolabehere...

In this note, we propose a simple infinite horizon of elections with two candidates. 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...

This paper contributes to the heated debate on the link between climate and civil war. We exploit a large dataset of a drought index commonly used in hydrology, the Palmer Drought Severity Index (PDSI). The PDSI is based on a hydrological model and is a cumulative measure that takes account of...

Using original data collected from 1,500 farmers in Burkina Faso in 2013, we show that individual risk and time preferences play a central role in grain storage decisions. We use a sample selection model as well as a structural estimation approach. Both of them lead to results that are very...