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When Inertia Generates Political Cycles

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  • Soubeyran, Raphael

Abstract

We propose a simple infinite horizon of repeated elections with two candidates. Furthermore 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 election a consecutive infinite number of times.

Suggested Citation

  • Soubeyran, Raphael, 2006. "When Inertia Generates Political Cycles," Privatisation Regulation Corporate Governance Working Papers 12192, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feempr:12192
    DOI: 10.22004/ag.econ.12192
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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.
    2. 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.
    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.
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    Cited by:

    1. 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.
    2. repec:ebl:ecbull:v:4:y:2007:i:16:p:1-5 is not listed on IDEAS
    3. Nicolas Houy, 2007. "When inertia generates political cycles: a remark," Economics Bulletin, AccessEcon, vol. 4(16), pages 1-5.

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