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 professors [[Assar Lindbeck]] and [[Jörgen Weibull]] in the article "Balanced-budget redistribution as the outcome of political competition", published in 1987 in the journal ''Public Choice'', which has gradually replaced the [[median voter theory]], thanks to its ability to find equilibrium within multi-dimensional spaces.

The probabilistic voting model assumes that voters are imperfectly informed about candidates and their platforms. Candidates are also imperfectly informed about the utility preferences of the electorate and the distribution of voters' preferences.

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.

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==References==

*

*[[Category:Political economy]]

[[Category:Probabilistic models]]

[[Category:Voting theory]]

Assar Lindbeck, and Jörgen W. Weibull (1987). "Balanced-budget redistribution as the outcome of political competition."

''Public Choice'', 52(3), 273-297.

Canegrati, Emanuele (2007). "A Contribution to the Positive Theory of Direct Taxation," MPRA Paper 6117 [1]

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Song, Zheng, Kjetil Storeseletten, and Fabrizio Zilibotti (2012). "Rotten parents and disciplined children: A politico-economic theory of public expenditure and debt". ''Econometrica'' 80 (6), 2785–2803

*[[Category:Political economy]]

[[Category:Probabilistic models]]

[[Category:Voting theory]]