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Political Cycles : The Opposition Advantage

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Author Info
Pascal Gautier (GREQAM, Université d’Aix-Marseille II)
Raphael Soubeyran (GREQAM, Université d’Aix-Marseille II)

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Abstract

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.

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Publisher Info
Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2005.129.

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Date of creation: Oct 2005
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Handle: RePEc:fem:femwpa:2005.129

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Related research
Keywords: Cycles Alternation Public goods Advantage Opposition

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Find related papers by JEL classification:
D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior
H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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  15. Prat, Andrea, 2002. "Campaign Spending with Office-Seeking Politicians, Rational Voters, and Multiple Lobbies," Journal of Economic Theory, Elsevier, vol. 103(1), pages 162-189, March. [Downloadable!] (restricted)
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