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| Raphaël Soubeyran |
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| ''When Inertia Generates Political Cycles'' |
| ( 2006, Vol. 4 No.31 ) |
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| In this note, we propose a simple infinite horizon of elections with two candidates. 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 elections a consecutive infinite number of times. |
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| Keywords: Policy inertia |
JEL: D7 - Analysis of Collective Decision-Making: General
H7 - State and Local Government; Intergovernmental Relations: General |
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| Manuscript Received : Oct 01 2006 | | Manuscript Accepted : Oct 02 2006 |
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