On the Ideology Motive in Political Economy Models
This note provides a simple political economy model which captures the trade-off of political parties between catering to their "core" constituency and appealing to middle-of-the-road voters, who are not intrinsically attached to a party. The analysis reconciles seemingly ideology-motivated behavior of political parties with vote-maximization.
Volume (Year): 5 (2006)
Issue (Month): 1 (April)
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- Mariano Tommasi, 1995.
"Why Does it Take a Nixon to go to China?,"
UCLA Economics Working Papers
728, UCLA Department of Economics.
- Ron Shachar, 2003. "Party loyalty as habit formation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(3), pages 251-269.
- Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65, pages 135-135.
- Tim Besley & Stephen Coate, "undated".
""An Economic Model of Representative Democracy'',"
CARESS Working Papres
95-02, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
- Reed, W. Robert, 2006. "Democrats, republicans, and taxes: Evidence that political parties matter," Journal of Public Economics, Elsevier, vol. 90(4-5), pages 725-750, May.
- Christian Schultz, 1996. "Polarization and Inefficient Policies," Review of Economic Studies, Oxford University Press, vol. 63(2), pages 331-344.
- Alesina, Alberto, 1988. "Credibility and Policy Convergence in a Two-Party System with Rational Voters," American Economic Review, American Economic Association, vol. 78(4), pages 796-805, September.
- William D. Schreckhise & Todd G. Shields, 2003. "Ideological Realignment in the Contemporary U.S. Electorate Revisited," Social Science Quarterly, Southwestern Social Science Association, vol. 84(3), pages 596-612.
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