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Public Choice

, Volume 98, Issue 1–2, pp 153–169 | Cite as

Vote splitting as insurance against uncertainty

  • Mauricio Soares Bugarin
Article

Abstract

The present article offers a rational 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 tool risk-averse voters use in order to insure themselves against extreme policies in bad states of nature.

Keywords

Present Article Public Finance True State Rational Choice Choice Explanation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 1999

Authors and Affiliations

  • Mauricio Soares Bugarin
    • 1
    • 2
  1. 1.Department of EconomicsUniversity of IllinoisChampaignU.S.A.; and
  2. 2.Departamento de EconomiaUniversidade de BrasiliaBrasiliaBrazil

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