Arbeitspapier
Political Cycles : The Opposition Advantage
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 decreases the longer it stays in power. Parties chances of winning do not converge and, when the median voter is moderate enough, no party can maintain itself in power for ever. Finally, the more parties are specialized and the more public policies have long-term effects, the more political cycles are likely to occur.
- Sprache
-
Englisch
- Erschienen in
-
Series: Nota di Lavoro ; No. 129.2005
- Klassifikation
-
Wirtschaft
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
Public Goods
Noncooperative Games
- Thema
-
Cycles
Alternation
Public goods
Advantage
Opposition
Politischer Konjunkturzyklus
Öffentliches Gut
Median Voter
Öffentlicher Konsum
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gautier, Pascal
Soubeyran, Raphael
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gautier, Pascal
- Soubeyran, Raphael
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2005
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