
doi: 10.2139/ssrn.847604
handle: 10419/74243
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.
ddc:330, Öffentlicher Konsum, Öffentliches Gut, Advantage, Cycles, Alternation, Public goods, Advantage, Opposition, C72, Alternation, D72, Median Voter, Cycles, Politischer Konjunkturzyklus, H41, Opposition, Theorie, Public goods, jel: jel:C72, jel: jel:D72, jel: jel:H41
ddc:330, Öffentlicher Konsum, Öffentliches Gut, Advantage, Cycles, Alternation, Public goods, Advantage, Opposition, C72, Alternation, D72, Median Voter, Cycles, Politischer Konjunkturzyklus, H41, Opposition, Theorie, Public goods, jel: jel:C72, jel: jel:D72, jel: jel:H41
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 0 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Average | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Average | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Average |
