The Reelection Issue and the Optimal Duration of Presidential Terms

Open access

Abstract

Presidential democratic regimes impose constitutional limits on the duration of the president’s term and on the possible occurrence of subsequent reelections. Term limits and reelection restrictions also exist in the government of corporations and firms for the chairman of the board and for the board members. In this paper, an attempt is made to identify what the major reasons for this limitations and restrictions could be. A related archetypical cost structure, also found in Inventory Theory and Waiting Lines Theory, is identified and modeled to study factors such as the cost of corruption, which are key factors in determining the optimal duration for a government term. A game theoretical consideration of corruption and term limitations strategies is presented at the end of the paper.

If the inline PDF is not rendering correctly, you can download the PDF file here.

  • Adams J. & Merrill S. (2014). Candidates’ policy strategies in primary elections: does strategic voting by the primary electorate matter?. Public choice160(1-2) 7-24.

  • Ansari A. Economides N. & Ghosh A. (1994). Competitive positioning in markets with nonuniform preferences. Marketing Science13(3) 248-273.

  • Bengtsson Å. & Christensen H. (2016). Ideals and actions: Do citizens’ patterns of political participation correspond to their conceptions of democracy?. Government and Opposition51(2) 234-260.

  • Bernales Ballesteros E. (1993). Los Poderes Ejecutivo y Legislativo en la Constitución Peruana de 1993. División de Poderes. Buenos Aires CIEDLA.

  • Bradenburger A. & Barry J.N. (2011) Co–opetition. New York: Doubleday. Briefing Papers 14 February.

  • Buckley J.L. (2000). “Corruption Campaign Finance and Term Limits” Cato Policy Report March/April 2000.

  • Dunn W. N. (2015). Public policy analysis. London: Routledge.

  • Gerber A. S. Huber G. A. Doherty D. & Dowling C. M. (2016). Why people vote: estimating the social returns to voting. British Journal of Political Science46(2) 241-264.

  • Lee C. K. (2011). The influence on developing countries’ foreign direct investment (FDI) policies imposed by incentives: A game analysis. African Journal of Business Management5(34) 12015.

  • Mandle J. & Mandle J. (1999). Elections as a public good. Challenge42(5) 50-62.

  • McDaid S. (2016). Pragmatists versus dogmatists: Explaining the failure of power-sharing in Northern Ireland during the 1970s. British Politics11(1) 49-71.

  • Mueller D. C. (2004). Public choice: an introduction. In The encyclopedia of public choice (pp. 32-48). Springer US.

  • Pérez-Liñán A. & Castagnola A. (2016). Judicial Instability and Endogenous Constitutional Change: Lessons from Latin America. British Journal of Political Science46(2) 395-416.

  • Petracca Mark (1992). “Why political scientists oppose term limits?” Cato Institute

  • Reyes Giovanni (2003) Negociaciones Económicas Internacionales a Partir de Condiciones de Pequeños Mercados Relativos. Nomadas 9 (3) 55-75.

  • Saporiti A. & Streb J. M. (2003). Separation of powers and political budget cycles (No. 251). Serie Documentos de Trabajo Universidad del CEMA: Área: economía ciencia política.

  • Schmitt-Beck R. & Partheymüller J. (2016). A two-stage theory of discussant influence on vote choice in multiparty systems. British journal of political science46(2) 321-348.

  • Strab J. M. (1998). Political budget cycles elections and term limits.

  • Toonen Theo. “Resilience in public administration: the work of Elinor and Vincent Ostrom from a public administration perspective.” Public Administration Review 70.2 (2010): 193-202.

  • van den Bergh J. C. & Kallis G. (2013). A survey of evolutionary policy: normative and positive dimensions. Journal of bioeconomics15(3) 281-303.

  • Witko C. (2016). The Politics of Financialization in the United States 1949–2005. British Journal of Political Science46(2) 349-370.