Persistencia institucional y costes de transacción en la política electoral española

  1. Gonzalo CABALLERO
  2. Ignacio LAGO
Journal:
Papeles de economía española

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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