Persistencia institucional y costes de transacción en la política electoral española
- Gonzalo CABALLERO
- Ignacio LAGO
ISSN: 0210-9107
Year of publication: 2021
Issue Title: La calidad de las instituciones y la economía española
Issue: 168
Pages: 144-156
Type: Article
More publications in: Papeles de economía española
Abstract
In this paper the foundations of the institutional analysis in economics and political science are examined, in particular the transaction costs in the economic and political markets. After discussing the state of the art in economics, the types of transaction costs in the electoral market are explained. Relying on aggregate – and individual – level data we show how electoral rules and party identification affect the stability of party system equilibrium in Spain.
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