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When Inertia Generates Political Cycles

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  • Raphaël Soubeyran

    (GREQAM, University of the Mediterranean)

Abstract

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 can win the elections a consecutive infinite number of times.

Suggested Citation

  • Raphaël Soubeyran, 2006. "When Inertia Generates Political Cycles," Economics Bulletin, AccessEcon, vol. 4(31), pages 1-8.
    • Handle: RePEc:ebl:ecbull:eb-06d70008
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    References listed on IDEAS

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    1. Georges Casamatta & Philippe Donder, 2005. "On the influence of extreme parties in electoral competition with policy-motivated candidates," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 25(1), pages 1-29, October.
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    3. Heckelman, Jac C., 2000. "Sequential elections and overlapping terms: voting for US Senate," Journal of Economic Behavior & Organization, Elsevier, vol. 42(1), pages 97-108, May.
    4. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65(2), pages 135-135.
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    Cited by:

    1. Nicolas Houy, 2007. "When inertia generates political cycles: a remark," Economics Bulletin, AccessEcon, vol. 4(16), pages 1-5.
    2. Raphaël Soubeyran & Pascal Gautier, 2008. "Political Cycles: Issue Ownership and the Opposition Advantage," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(4), pages 685-716, August.
    3. repec:ebl:ecbull:v:4:y:2007:i:16:p:1-5 is not listed on IDEAS

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    More about this item

    Keywords

    Policy inertia;

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

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