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Vote Splitting as Insurance Against Uncertainty

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Author Info
Mauricio Bugarin (University of Brasilia)
Abstract

The present paper offers a racional choice explanation for political ticket splitting. It considers a game-theoretic model of voting and bargaining within Congress and between Congress and the president. When parties are ideologically oriented and voters' utilities are state dependent, the model shows that if there is uncertainty about the true state of the world, ticket splitting emerges as a mechanism risk-averse voters use in order to insure themselves against extreme policies in bad states of nature.

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Publisher Info
Paper provided by EconWPA in its series Game Theory and Information with number 9811001.

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Length: 29 pages
Date of creation: 06 Nov 1998
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Handle: RePEc:wpa:wuwpga:9811001

Note: Type of Document - PostScript; prepared on IBM PC ; to print on PostScript; pages: 29; figures: included. Forthcoming in Public Choice
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Related research
Keywords: Vote splitting; uncertainty; insurance;

Find related papers by JEL classification:
D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Zupan, Mark A, 1991. "An Economic Explanation for the Existence and Nature of Political Ticket Splitting," Journal of Law & Economics, University of Chicago Press, vol. 34(2), pages 343-69, October.
  2. Alesina, Alberto & Rosenthal, Howard, 1996. "A Theory of Divided Government," Econometrica, Econometric Society, vol. 64(6), pages 1311-41, November. [Downloadable!] (restricted)
  3. Alberto Alesina & Howard Rosenthal, 1988. "Partisan Cycles in Congressional Elections and the Macroeconomy," NBER Working Papers 2706, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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