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Electoral incentives, term limits and the sustainability of peace

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  • Paola Conconi
  • Nicolas Sahuguet
  • Maurizio Zanardi

Abstract

One of the few stylized facts in international relations is that democracies, unlike autocracies, almost never fight each other. We develop a theoretical model to examine the sustainability of international peace between democracies and autocracies, where the crucial difference between these two political regimes is whether or not policymakers are subject to periodic elections. We show that the fear of losing office can make it less tempting for democratic leaders to wage war against other countries. Crucially, this discipline effect can only be at work if incumbent leaders can be re-elected, suggesting that democracies with term limits should be more conflict prone, particularly when the executive is serving the last possible term. These results rationalize recent empirical findings on how term limits affect the propensity of democracies to engage in conflicts.

Suggested Citation

  • Paola Conconi & Nicolas Sahuguet & Maurizio Zanardi, 2015. "Electoral incentives, term limits and the sustainability of peace," Working Papers 94449241, Lancaster University Management School, Economics Department.
  • Handle: RePEc:lan:wpaper:94449241
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    More about this item

    Keywords

    Interstate Conflicts; Democratic Peace; Elections; Term Limits;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • F00 - International Economics - - General - - - General

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