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When Inertia Generates Political Cycles

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Author Info
Raphaël Soubeyran () (GREQAM, University of the Mediterranean)

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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.

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File URL: http://economicsbulletin.vanderbilt.edu/2006/volume4/EB-06D70008A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 4 (2006)
Issue (Month): 31 ()
Pages: 1-8
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Handle: RePEc:ebl:ecbull:v:4:y:2006:i:31:p:1-8

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Postal: Economics Bulletin, Department of Economics, 414 Calhoun Hall, Vanderbilt University, Nashville TN 37235, USA
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Related research
Keywords: Policy inertia; Political cycles;

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Find related papers by JEL classification:
D7 - Microeconomics - - Analysis of Collective Decision-Making
H7 - Public Economics - - State and Local Government; Intergovernmental Relations

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Casamatta, Georges & De Donder, Philippe, 2003. "On the Influence of Extreme Parties in Electoral Competition with Policy-Motivated Candidates," CEPR Discussion Papers 3885, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  2. Enriqueta Aragones, 1994. "Negativity Effect and the Emergence of Ideologies," Discussion Papers 1125, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
    Other versions:
  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. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Nicolas Houy, 2007. "When inertia generates political cycles: a remark," Economics Bulletin, Economics Bulletin, vol. 4(16), pages 1-5. [Downloadable!]
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This page was last updated on 2009-12-12.


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