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Political Cycles: the Opposition Advantage

Author

Listed:
  • Pascal Gautier

    (GREQAM)

  • Raphael Soubeyran

    (GREQAM)

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.

Suggested Citation

  • Pascal Gautier & Raphael Soubeyran, 2005. "Political Cycles: the Opposition Advantage," Public Economics 0510019, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwppe:0510019
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Cycles; Alternation; Public goods; Advantage; Opposition;

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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