IDEAS home Printed from
   My bibliography  Save this paper

Voting over Redistribution: The Occurrence of Polarized Outcomes


  • P. Fortunato


The basic insight of the literature concerning the Median Voter Theorem and its applications, dating back to Black (1948), is that the policies implemented by different parties once in o¢ce should approach the median voter’s preferred policy if they run in a single-dimensional and democratic electoral space. This strong prediction has been challenged in recent years using arguments related to the observation that usually the political spaces concern much more than one single dimension and that, once we consider such a space, the Median Voter Theorem cannot be applied. Our idea is that one can challenge the median voter predictions even if we keep considering just one single dimension. Infect also in electoral competitions characterized by a very important issue seen by voters as “salient” is almost impossible to observe in reality the convergence predicted by the Black’s theorem. In the present model we introduce a simple assumption over the process of opinions’ formation of the voters and we show as in equilibrium strategic considerations lead the parties to choose polarized platforms.

Suggested Citation

  • P. Fortunato, 2001. "Voting over Redistribution: The Occurrence of Polarized Outcomes," Working Papers 421, Dipartimento Scienze Economiche, Universita' di Bologna.
  • Handle: RePEc:bol:bodewp:421

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Maria Elena Bontempi, 2002. "The dynamic specification of the modified pecking order theory: Its relevance to Italy," Empirical Economics, Springer, vol. 27(1), pages 1-22.
    2. Frankel, Jeffrey A. & Rose, Andrew K., 1996. "A panel project on purchasing power parity: Mean reversion within and between countries," Journal of International Economics, Elsevier, vol. 40(1-2), pages 209-224, February.
    3. Anindya Banerjee & Massimiliano Marcellino & Chiara Osbat, 2005. "Testing for PPP: Should we use panel methods?," Empirical Economics, Springer, vol. 30(1), pages 77-91, January.
    4. Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
    5. Diamond, Douglas W, 1991. "Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 689-721, August.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Maria Manuel Pinho, 2004. "Political models of budget deficits: a literature review," FEP Working Papers 138, Universidade do Porto, Faculdade de Economia do Porto.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bol:bodewp:421. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dipartimento Scienze Economiche, Universita' di Bologna). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.