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Stadelmann, David ; Portmann, Marco ; Eichenberger, Reiner:
Evaluating the median voter model's explanatory power.
In: Economics Letters.
Bd. 114
(2012)
Heft 3
.
- 312 - 314.
ISSN 0165-1765
DOI: https://doi.org/10.1016/j.econlet.2011.10.015
Abstract
We match individual senators' voting behavior on legislative proposals with 24 real referendum decisions on exactly the same issues with identical wording. This setting allows us to evaluate the median voter model's quality with revealed constituents' preferences. Results indicate a limited explanatory power of the median voter model: It explains 17.6 points more than random voting and that a senator's probability to accept a proposal in parliament increases on average by 8.4 points when the district median voter accepts the proposal.