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When Inertia Generates Political Cycles

  • Raphäel Soubeyran


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    We propose a simple infinite horizon of repeated elections with two candidates. Furthermore we suppose that the government policy presents some degree of inertia, i.e. a new government cannot completely change the policy implemented by the incumbent. When the policy inertia is strong enough, no party can win the election a consecutive infinite number of times.

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    Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2006.91.

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    Date of creation: Jun 2006
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    Handle: RePEc:fem:femwpa:2006.91
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