Probabilistic voting model: Difference between revisions

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The '''probabilistic voting theory''', also known as the '''probabilistic voting model''', is a [[voting theory]] developed by professor [[AssarPeter LindbeckJ. Coughlin]], and Jörgen Weibull1992, 1987, which has gradually replaced the [[median voter theory]], thanks to its ability to find an equilibrium in a multi-dimensional space. This theory represents a break-through in [[political economy]] literature and can be used to solve problems that were impossible to solve before. In fact, unlike the [[median voter theorem]], what drives the equilibrium policy is both the numerosity and the density of social groups and not the median position of voters on a preference scale. This difference explains why social groups which have a great homogeneity of preferences are more politically powerful than those whose preferences are dispersed.

==Applications==

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==References==

* {{cite book | author=Coughlin, Peter J.| title=Probabilistic Voting Theory | publisher=Cambridge University Press| year=1992 | ISBN=0521360528}}

* Lindbeck, Assar, and Jörgen Weibull, 1987. "Balanced-Budget Redistribution as the Outcome of Political Competition," Public Choice, 52 (1987), 273-297

* {{cite book | author=Persson, T. & Tabellini, G.| title=Political Economics: Explaining Economic Policy | publisher=MIT Press| year=2000 | ISBN=0262661314}}

* Canegrati, Emanuele, 2007. "A Contribution to the Positive Theory of Direct Taxation," MPRA Paper 6117 [http://mpra.ub.uni-muenchen.de/6117/]