Abstract
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. The idea can be traced back at least to Hotelling (1929), who suggested it in an article on spatial competition. (Black 1948a, Black 1948b, Black 1948c) developed the median voter model in detail, discussed the cyclical majority problem, and used the median voter model to lay the foundation for the development of modern public choice theory.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
