AbstractA model of elections is put forth in which there are two parties, each representing a different constituency of voters (the poor and the rich). The political issue is the choice of a proportional tax rate on income, revenues from which are used to finance a public good. There is a stochastic element in which party wins the elections, due to party uncertainty concerning voter preferences, or due to uncertainty concerning which voters will show up at the polls. A political equilibrium in one period consists in a tax policy put forth by each party, and a probability that each party wins. A long series of elections is simulated (100 periods). Voter preferences for the public good change adversely as a function of length of time the incumbent party has been in power and the level of the public good in the last period. Thus, if the party in power funds high levels of the public good, preferences start to move against the public good. This model generates dramatic political cycles, and it is argued that these cycles are of fundamentally different origin from that discussed in the realignment literature. Copyright 1995 Blackwell Publishers Ltd..
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by California Davis - Institute of Governmental Affairs in its series Papers with number 93-17.
Length: 21 pages
Date of creation: 1993
Date of revision:
Contact details of provider:
Postal: UNIVERSITY OF CALIFORNIA DAVIS, INSTITUTE OF GOVERNMENTAL AFFAIRS, RESEARCH PROGRAM IN APPLIED MACROECONOMICS AND MACRO POLICY, DAVIS CALIFORNIA 95616 U.S.A.
politics ; elections;
Other versions of this item:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Rapha�L 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, 08.
- Gautier, P. & Soubeyran, R., 2006. "Political Cycles : Issue Ownership and the Opposition Advantage," Working Papers MOISA 200613, UMR MOISA : Marchés, Organisations, Institutions et Stratégies d'Acteurs : CIHEAM-IAMM, CIRAD, INRA, Montpellier SupAgro, IRD - Montpellier, France.
- Pascal Gautier & Raphael Soubeyran, 2005. "Political Cycles: the Opposition Advantage," Public Economics 0510019, EconWPA.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).
If references are entirely missing, you can add them using this form.