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The Probabilistic voting theory, also known as the probabilistic voting model, is a voting theory developed by professor [[Peter J. Coughlin]], 1992, which is gradually replacing the [[Median voter theory]], thanks to its ability of finding the existence of an equilibrium in a multi-dimensional space. This theory represents a real break-through in the [[political economy]] literature and allowed to solve problems impossible to solve before.
==Applications==
The [[political economy]] and the [[Public Economics]] are the main fields where the Probabilistic voting theory is applied. In particular, it was used to explain public expenditure programmes (Persson & Tabellini, 2000), social security systems (Profeta, 2002) and taxation (Hettich and Winer, 1998 and Canegrati, 2007).
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