Is There Really a Turnout Paradox?
Jueves 25 de junio de 2009, a las 14:00
Sala Seminario - Planta Baja IBEI
Seminario de investigación
Luis Fernando Medina (University of Virginia)
RESUMEN
This paper revisits the turnout paradox and shows that the correct computations of endogenous pivot probabilities provide plausible upper bounds for the cost parameter in high-turnout equilibria. Thus, the widespread view that said equilibria are fragile is overstated. Typically, these equilibria have excessively narrow margins of victory and mixed pure strategy profiles. But with a continuous version of the outcome function and differential costs of voting it is possible to generate realistic equilibria in a voting game with costly voting.
This paper revisits the turnout paradox and shows that the correct computations of endogenous pivot probabilities provide plausible upper bounds for the cost parameter in high-turnout equilibria. Thus, the widespread view that said equilibria are fragile is overstated. Typically, these equilibria have excessively narrow margins of victory and mixed pure strategy profiles. But with a continuous version of the outcome function and differential costs of voting it is possible to generate realistic equilibria in a voting game with costly voting.