Electability of Stable Insiders’ Coalition Governments

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style="font-size:.9rem">Electability of Stable Insiders’ Coalition Governments</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Tryphon%20Kollintzas">Tryphon Kollintzas</a>, <a href="https://publications.waset.org/abstracts/search?q=Lambros%20Pechlivanos"> Lambros Pechlivanos</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In this paper, we formulate a general equilibrium theory that explains the existence and stability of democratically elected governments that support certain groups of individuals in society (insiders) to the detriment of everybody else (outsiders), even if the latter constitute a majority. The vehicle is a dynamic general equilibrium model, where insiders get monopoly rents and outsiders get less than what they would have gotten under a common good regime. We construct such political economy equilibria, and we identify the conditions under which such political regimes (coalitions of insiders): (a) can safeguard against opportunistic behavior (i.e., do not fall from within) and (b) may come to power in the first place (i.e., manage to get elected). To that end, we highlight the role of perception manipulation and self-serving bias as a gluing device to garner an electable coalition. <iframe src="https://publications.waset.org/abstracts/175661.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=insiders" title="insiders">insiders</a>, <a href="https://publications.waset.org/abstracts/search?q=coalition%20governments" title=" coalition governments"> coalition governments</a>, <a href="https://publications.waset.org/abstracts/search?q=stability" title=" stability"> stability</a>, <a href="https://publications.waset.org/abstracts/search?q=electability" title=" electability"> electability</a>, <a href="https://publications.waset.org/abstracts/search?q=politico-economic%20equilibrium" title=" politico-economic equilibrium"> politico-economic equilibrium</a>, <a href="https://publications.waset.org/abstracts/search?q=perceptions%20manipulation" title=" perceptions manipulation"> perceptions manipulation</a> </p> <a href="https://publications.waset.org/abstracts/175661/electability-of-stable-insiders-coalition-governments" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/175661.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">65</span> </span> </div> </div> </div> </main> <footer> <div id="infolinks" class="pt-3 pb-2"> <div class="container"> <div style="background-color:#f5f5f5;" class="p-3"> <div class="row"> <div class="col-md-2"> <ul class="list-unstyled"> About <li><a href="https://waset.org/page/support">About Us</a></li> <li><a href="https://waset.org/page/support#legal-information">Legal</a></li> <li><a target="_blank" rel="nofollow" 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Electability of Stable Insiders’ Coalition Governments