Winners and Losers of Early Elections: On the Welfare Implications of Political Blockades and Early Elections
AbstractWe develop a dynamic model of political competition. Each party has a policymotivated ideological wing and an office-motivated opportunistic wing. A blockade arises if inner-party conflict stops policy implementation. We use this model to study whether early elections should be used to overcome a blockade. They have the advantage that urgent decisions are no longer delayed, and the disadvantage that unsuccessful governments gain additional time in office. This may give rise to a time inconsistency. Voters are in favour of a constitution without early elections. However, in the middle of a political crisis, they are willing to abandon it.
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Bibliographic InfoPaper provided by Sonderforschungsbereich 649, Humboldt University, Berlin, Germany in its series SFB 649 Discussion Papers with number SFB649DP2008-071.
Length: 48 pages
Date of creation: Dec 2008
Date of revision:
early elections; political blockades; ideological rigidities;
Other versions of this item:
- Felix Bierbrauer & Lydia Mechtenberg, 2008. "Winners and Losers of Early Elections: On the Welfare Implications of Political Blockades and Early Elections," Working Paper Series of the Max Planck Institute for Research on Collective Goods 2008_50, Max Planck Institute for Research on Collective Goods.
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-01-03 (All new papers)
- NEP-CDM-2009-01-03 (Collective Decision-Making)
- NEP-POL-2009-01-03 (Positive Political Economics)
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