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Extreme Parties and Political Rents

Author

Listed:
  • Aytimur R. Emre

    (Division of Economics Leicester, University of Leicester School of Business, Leicester, UK)

Abstract

We study the rent-seeking behavior of political parties in a proportional representation system. In our model, the final policy choice of the parliament is a weighted average of parties’ policy positions, weights being their vote shares. An extreme party chooses a higher rent level than a moderate party in exchange for greater policy influence, except in some cases of unlikely distributions of parties. Moreover, political rents are not eliminated even with free entry, unless the entry cost is arbitrarily small.

Suggested Citation

  • Aytimur R. Emre, 2021. "Extreme Parties and Political Rents," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 21(1), pages 85-113, January.
    • Handle: RePEc:bpj:bejtec:v:21:y:2021:i:1:p:85-113:n:9
    DOI: 10.1515/bejte-2018-0087
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    More about this item

    Keywords

    electoral competition; rent-seeking political parties; proportional representation system;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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