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This article examines the development of constitutional politics under the Fifth Republic. In particular, it investigates the logics underlying constitutional vetoes. It shows that data for the French case do not support existing theories of veto politics. Therefore, the article develops an electoral theory of veto politics. It emphasises the fact that the incentives generated by electoral competition shape the signalling game between legislative majority, legislative minority and the Constitutional Council. The structure of this game fuels a high level of vetoes and explains the pattern of vetoing in France.
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