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http://hdl.handle.net/10419/38863
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| Title: | | Winners and losers of early elections: On the welfare implications of political blockades and early elections  |
| Authors: | | Bierbrauer, Felix Mechtenberg, Lydia |
| Issue Date: | | 2008 |
| Series/Report no.: | | Preprints of the Max Planck Institute for Research on Collective Goods 2008,50 |
| Abstract: | | We develop a dynamic model of political competition. Each party has a policymotivated ideological wing and an office-motivated opportunistic wing. A blockade arises if inner-party conflict stops policy implementation. We use this model to study whether early elections should be used to overcome a blockade. They have the advantage that urgent decisions are no longer delayed, and the disadvantage that unsuccessful governments gain additional time in office. This may give rise to a time inconsistency. Voters are in favour of a constitution without early elections. However, in the middle of a political crisis, they are willing to abandon it. |
| Subjects: | | early elections political blockades |
| JEL: | | D82 D72 D61 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Preprints of the Max Planck Institute for Research on Collective Goods
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