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 Max Planck Institute for Research on Collective Goods in its series Working Paper Series of the Max Planck Institute for Research on Collective Goods with number 2008_50.
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," SFB 649 Discussion Papers SFB649DP2008-071, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
- 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
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