The Political Economy of Dynamic Elections : A Survey and Some New Results

@inproceedings{Duggan2014ThePE,
  title={The Political Economy of Dynamic Elections : A Survey and Some New Results},
  author={John Duggan and C{\'e}sar Martinelli},
  year={2014}
}
We survey and synthesize the political economy literature on dynamic elections in the two traditional settings, spatial preferences and rent-seeking, under perfect and imperfect monitoring of politicians’ actions. We define the notion of stationary electoral equilibrium, which encompasses previous approaches to equilibrium in dynamic elections since the pioneering work of Barro (1973), Ferejohn (1986), and Banks and Sundaram (1998). We show that repeated elections mitigate the commitment… CONTINUE READING