Electoral competition with costly policy changes: a dynamic perspective

DOI10.1016/j.jet.2023.105716OpenAlexW3121797552MaRDI QIDQ6139967

Matthew O. Jackson, Hans Gersbach, Oriol Tejada, Philippe Muller

Publication date: 19 January 2024

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2023.105716

zbMATH Keywords

electionsMarkov perfect equilibriumpolitical polarizationcosts of change

Mathematics Subject Classification ID

Voting theory (91B12) History, political science (91F10)

Cites Work

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• Two-party competition with persistent policies
• Dynamic legislative policy making
• Efficiency of flexible budgetary institutions
• Markovian equilibria in dynamic spatial legislative bargaining: existence with three players
• The Political Economy of Debt and Entitlements
• A Positive Theory of Fiscal Deficits and Government Debt
• Learning While Voting: Determinants of Collective Experimentation
• Gridlock and inefficient policy instruments

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