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Political Cycles: the Opposition Advantage

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  • Pascal Gautier

    (GREQAM)

  • Raphael Soubeyran

    (GREQAM)

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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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    File URL: http://128.118.178.162/eps/pe/papers/0510/0510019.pdf
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    Bibliographic Info

    Paper provided by EconWPA in its series Public Economics with number 0510019.

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    Length: 27 pages
    Date of creation: 21 Oct 2005
    Date of revision:
    Handle: RePEc:wpa:wuwppe:0510019

    Note: Type of Document - pdf; pages: 27
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    Web page: http://128.118.178.162

    Related research

    Keywords: Cycles; Alternation; Public goods; Advantage; Opposition;

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