When Inertia Generates Political Cycles

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.


Issue Date:
2006
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/12192
Total Pages:
12
Series Statement:
PRCG Nota di Lavoro 91.2006




 Record created 2017-04-01, last modified 2017-08-23

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