When Inertia Generates Political Cycles
Date
01.01.2006
01.01.2006
Authors
Raphäel Soubeyran
JEL Code
D72,H7
D72,H7
Keywords:
Political Cycles,Inertia
Political Cycles,Inertia
Publisher
Economy and Society
Economy and Society
Editor
Fausto Panunzi
Fausto Panunzi
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.