Premium
A Model of Farsighted Voting
Author(s) -
Penn Elizabeth Maggie
Publication year - 2009
Publication title -
american journal of political science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 6.347
H-Index - 170
eISSN - 1540-5907
pISSN - 0092-5853
DOI - 10.1111/j.1540-5907.2008.00356.x
Subject(s) - voting , legislation , public economics , economics , microeconomics , policy analysis , political science , public administration , politics , law
I present a new method of interpreting voter preferences in settings where policy remains in effect until replaced by new legislation. In such settings voters consider not only the utility they receive from a given policy today, but also the utility they will receive from policies likely to replace that policy in the future. The model can be used to characterize both long‐term preferences and distributions over policy outcomes in situations where policy is ongoing and voters are farsighted.