Search results
Results From The WOW.Com Content Network
Downs's book has since become one of the most cited books in political science. His left–right axis model has been integrated into the median voter theory first articulated by Duncan Black. [8] In An Economic Theory of Democracy (1957), an early work in rational choice theory, Downs posited the paradox of voting, which claimed that ...
An Economic Theory of Democracy is a treatise of economics written by Anthony Downs, published in 1957. [1] The book set forth a model with precise conditions under which economic theory could be applied to non-market political decision-making.
The paradox of voting, also called Downs' paradox, is that for a rational and egoistic voter (Homo economicus), the costs of voting will normally exceed the expected benefits. Because the chance of exercising the pivotal vote is minuscule compared to any realistic estimate of the private individual benefits of the different possible outcomes ...
D = citizen duty, goodwill feeling, psychological and civic benefit of voting (this term is not included in Downs's original model) A political science model based on rational choice used to explain why citizens do or do not vote. The alternative equation is V = pB + D > C
Rational choice theory has become increasingly employed in social sciences other than economics, such as sociology, evolutionary theory and political science in recent decades. [ 13 ] [ 14 ] It has had far-reaching impacts on the study of political science , especially in fields like the study of interest groups, elections , behaviour in ...
The Encyclopedia of Public Choice. Kluwer Academic Press. ISBN 978-0-7923-8607-0. Dasgupta, Partha and Eric Maskin, "On the Robustness of Majority Rule", Journal of the European Economic Association, 2008. Downs, Anthony (1957). "An Economic Theory of Political Action in a Democracy". Journal of Political Economy. 65 (2): 135– 150. doi:10. ...
The earliest roots of the model are the one-dimensional Hotelling's law of 1929 and Black's median voter theorem of 1948. [10] Anthony Downs, in his 1957 book An Economic Theory of Democracy, further developed the model to explain the dynamics of party competition, which became the foundation for much follow-on research.
The valence issue concept originates from Donald Stokes’s critical review of Anthony Downs’s theory of voting behavior which analogues supply and demand market logic. [7] Downs concluded that voters, when determining their voting preferences, and political parties, when determining which policies to supply, made economical and rational ...