Results 171 to 180 of about 1,119,253 (204)

Median-Voter Model of Payout Policy

SSRN Electronic Journal, 2012
This paper presents an alternative theory of payout policy explaining why firms do not perfectly substitute share repurchases for dividends. Existing empirical findings have shown that individual investors tend to prefer high dividends, whereas institutional investors appear to prefer low dividends.
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Strategic participation and the median voter result

Economic Design, 1994
In a seminal paper on electoral equilibrium under majority rule, Ledyard (1984) demonstrates that strategic participation by voters results in an electoral equilibrium at the proposal that maximizes the utility of a randomly selected voter. Palfrey and Rosenthal (1985) limit the usefulness of this result by showing that strategic participation rates ...
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Voters, Donors and Accurate Polls: The Irrelevance of the Median Voter [PDF]

, 2012
Standard spatial models of candidate competition suggest that better information about the location of the median voter produce policies closer to the median voter’s ideal point. In this paper we show that more precise information about voter preferences may produce counterintuitive results when candidates care about attracting votes and donations ...
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Politicians Systematically Converge to the Median Voter

2017
Studies in political economy, public choice, and political science frequently compare what politicians do with what their voters want. The textbook median voter framework serves as the central building block for numerous models of policy choice. Theories on the scale and scope of government, taxation, and redistribution regularly rely on the median ...
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Public Finance and the Median Voter Model

2008
The median voter model is a model of demand aggregation under majority rule. Economists find the market demand for private goods by horizontally summing the demand curves of all individuals in that market; similarly, when individual demands are aggregated through majority rule voting, the demand of the entire group is the demand of the median voter ...
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The elusive median voter

Journal of Public Economics, 1979
Thomas Romer, Howard Rosenthal
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WP 98 - The graying of the median voter [PDF]

, 2010
Analyzing 30 OECD-countries in 1980-2005, this paper documents the association of an aging electorate with retirement spending. The fi rst result is that an increase in the age of the median voter of one year is associated with an increase of 0.25 percentage points in retirement spending relative to GDP. The second result is that aging does not lead to
David Hollanders, Ferry Koster
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Biased-voter model: How persuasive a small group can be?

Chaos, Solitons and Fractals, 2022
Maxi San Miguel, Raúl Toral
exaly  

The Impact of Voter Education on Voter Confidence: Evidence from the 2020 U.S. Presidential Election

Election Law Journal: Rules, Politics, and Policy, 2023
Mara Suttmann-Lea, Thessalia Merivaki
exaly  

The Median Voter Theorem: Why Politicians Move to the Center

2020
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