Political Cycles: the Opposition Advantage
Pascal Gautier and
Raphael Soubeyran ()
Additional contact information
Pascal Gautier: GREQAM
Public Economics from EconWPA
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.
Keywords: Cycles; Alternation; Public goods; Advantage; Opposition (search for similar items in EconPapers)
JEL-codes: D72 H41 C72 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pbe and nep-pol
Note: Type of Document - pdf; pages: 27
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
Working Paper: Political Cycles: The Opposition Advantage (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwppe:0510019
Access Statistics for this paper
More papers in Public Economics from EconWPA
Bibliographic data for series maintained by EconWPA ().