A RATIONAL-VOTER EXPLANATION OF THE COST OF RULING

Authors
PALDAM M SKOTT P
Citation
M. Paldam et P. Skott, A RATIONAL-VOTER EXPLANATION OF THE COST OF RULING, Public choice, 83(1-2), 1995, pp. 159-172
Citations number
16
Categorie Soggetti
Economics,"Political Science
Journal title
Public choice → ACNP
ISSN journal
00485829
Volume
83
Issue
1-2
Year of publication
1995
Pages
159 - 172
Database
ISI
SICI code
0048-5829(1995)83:1-2<159:AREOTC>2.0.ZU;2-N
Abstract
It is well known that the average government loses votes - the so-call ed cost of ruling. We show that the loss can be explained as a perfect ly rational demand for change in a median voter model, once the model is amended to let the two parties be visibly different.