Voting as Investment vs. Voting as Consumption: New Evidence
AbstractEconomists have long been puzzled by the fact that people vote in elections even though their influence on the electoral outcome is infinitesimal and they can 'free ride' on the voting of voters favoring the same candidate. This well-known 'paradox of voting' assumes that people vote as an investment in the electoral outcome. The authors develop a new test of the hypothesis that voting is a form of investment, as opposed to the alternative hypothesis that voting is a form of consumption. Their empirical results suggest that voting is a form of consumption, implying that the paradox of voting may be exaggerated. Copyright 1994 by WWZ and Helbing & Lichtenhahn Verlag AG
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Kyklos.
Volume (Year): 47 (1994)
Issue (Month): 2 ()
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962
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- Hamlin, Alan & Jennings, Colin, 2009.
"Expressive Political Behaviour: Foundations, Scope and Implications,"
SIRE Discussion Papers
2009-41, Scottish Institute for Research in Economics (SIRE).
- Alan Hamlin & Colin Jennings, 2009. "Expressive Political Behaviour: Foundations, Scope and Implications," Working Papers 0918, University of Strathclyde Business School, Department of Economics.
- Hillman, Arye L., 2010. "Expressive behavior in economics and politics," European Journal of Political Economy, Elsevier, vol. 26(4), pages 403-418, December.
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