When Inertia Generates Political Cycles
Raphäel Soubeyran
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Raphäel Soubeyran: GREQAM
No 2006.91, Working Papers from Fondazione Eni Enrico Mattei
Abstract:
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.
Keywords: Political Cycles; Inertia (search for similar items in EconPapers)
JEL-codes: D72 H7 (search for similar items in EconPapers)
Date: 2006-06
New Economics Papers: this item is included in nep-cdm, nep-mac, nep-pbe and nep-pol
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2006.91
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