Cycles in public opinion and the dynamics of stable party systems
| Autor: | Sandro Brusco, Jaideep Roy |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Economics and Econometrics
business.industry media_common.quotation_subject 05 social sciences Public opinion CONTEST Party platform Ideal (ethics) 0506 political science Microeconomics Split-ticket voting Competition (economics) Politics State (polity) Political economy 0502 economics and business 050602 political science & public administration Economics Ideology 050207 economics business Finance Invariant (computer science) media_common |
| Zdroj: | Games and Economic Behavior. 100:413-430 |
| ISSN: | 0899-8256 |
| DOI: | 10.1016/j.geb.2016.10.007 |
| Popis: | We study a dynamic model of elections where many parties may enter or exit political competition. At each election a new political leadership arrives for each party. The leadership cannot choose the party's platform (ideological identities are fixed) but must decide whether or not to contest the election. Contesting elections is costly and this cost is higher if the party has recently been inactive. The distribution of voters' ideal policies, or public opinion, changes over time via a Markov process with a state independent persistence parameter. We characterise stable party systems where the set of contestants is invariant to the recent most observed opinion. We show that stable party systems exist only when public opinion is sufficiently volatile, while highly persistent moods lead to instability and change in the party system whenever public opinion changes. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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