Voting as Investment vs. Voting as Consumption: New Evidence

Economists have long been puzzled by the fact that people vote in elections even though their influence on the electoral outcome is infinitesimal and they can 'free ride' on the voting of voters favoring the same candidate. This well-known 'paradox of voting' assumes that people...

Full description

Saved in:
Bibliographic Details
Published in:Kyklos (Basel) 1994-01, Vol.47 (2), p.197-207
Main Authors: GUTTMAN, JOEL M., HILGER, NAFTALI, SHACHMUROVE, YOCHANAN
Format: Article
Language:English
Subjects:
Candidates
Consumption
Costs
Election results
Expected utility
Hypotheses
Ice cream
Participation
Presidential elections
Social research
Variables
Vendors
Voter behavior
Voters
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by cdi_FETCH-LOGICAL-c5387-bb6e9e51cebf8620a38029c21507aff8e3467977b0f0345dba7c52c1f0b2a1ca3
cites cdi_FETCH-LOGICAL-c5387-bb6e9e51cebf8620a38029c21507aff8e3467977b0f0345dba7c52c1f0b2a1ca3
container_end_page 207
container_issue 2
container_start_page 197
container_title Kyklos (Basel)
container_volume 47
creator GUTTMAN, JOEL M.
HILGER, NAFTALI
SHACHMUROVE, YOCHANAN
description Economists have long been puzzled by the fact that people vote in elections even though their influence on the electoral outcome is infinitesimal and they can 'free ride' on the voting of voters favoring the same candidate. This well-known 'paradox of voting' assumes that people vote as an investment in the electoral outcome. The authors develop a new test of the hypothesis that voting is a form of investment, as opposed to the alternative hypothesis that voting is a form of consumption. Their empirical results suggest that voting is a form of consumption, implying that the paradox of voting may be exaggerated. Copyright 1994 by WWZ and Helbing & Lichtenhahn Verlag AG
doi_str_mv 10.1111/j.1467-6435.1994.tb02255.x
format article
fullrecord <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_213154979</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>1299535156</sourcerecordid><originalsourceid>FETCH-LOGICAL-c5387-bb6e9e51cebf8620a38029c21507aff8e3467977b0f0345dba7c52c1f0b2a1ca3</originalsourceid><addsrcrecordid>eNqVkMtu2zAQRYkiBeo8_kFw11KGpEiaQYEiMRLXsZFumgRdDSiGauWHpIiyY_99actwV1mEwHAAzr2Hg0tIn0JCw7mcJTSVKpYpFwnVOk3aDBgTItl8Ir3j6IT0ABiPhZbsCzn1fgYAVCrVI9-eqrYo_0TGR-Ny7Xy7dGUbrX0S_R8Mq9KvlnVbVOVV9ODeott18eJK687J59wsvLs49DPyeHf7a_gjnv4cjYfX09gKPlBxlkmnnaDWZflAMjB8AExbRgUok-cDx8OiWqkMcuCpeMmMsoJZmkPGDLWGn5F-x62b6nUVlsRZtWrK8CUyyqlItdJB9PU9EWVaCy6okEF11alsU3nfuBzrpliaZosUcBcpznCXG-5yw12keIgUN8F835kbVzt7dGYLM9_OF5XHNXKTqnBtQ-3N3BShWKh6_6SQgcK_7TLAvnewt2Lhth9YAye_J9NACoS4IxS-dZsjwTRzlIorgc8PIwQ5mY6G_AaB_wOOuqTM</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1299535156</pqid></control><display><type>article</type><title>Voting as Investment vs. Voting as Consumption: New Evidence</title><source>EconLit s plnými texty</source><source>EBSCOhost Business Source Ultimate</source><source>International Bibliography of the Social Sciences (IBSS)</source><creator>GUTTMAN, JOEL M. ; HILGER, NAFTALI ; SHACHMUROVE, YOCHANAN</creator><creatorcontrib>GUTTMAN, JOEL M. ; HILGER, NAFTALI ; SHACHMUROVE, YOCHANAN</creatorcontrib><description>Economists have long been puzzled by the fact that people vote in elections even though their influence on the electoral outcome is infinitesimal and they can 'free ride' on the voting of voters favoring the same candidate. This well-known 'paradox of voting' assumes that people vote as an investment in the electoral outcome. The authors develop a new test of the hypothesis that voting is a form of investment, as opposed to the alternative hypothesis that voting is a form of consumption. Their empirical results suggest that voting is a form of consumption, implying that the paradox of voting may be exaggerated. Copyright 1994 by WWZ and Helbing &amp; Lichtenhahn Verlag AG</description><identifier>ISSN: 0023-5962</identifier><identifier>EISSN: 1467-6435</identifier><identifier>DOI: 10.1111/j.1467-6435.1994.tb02255.x</identifier><identifier>CODEN: KYKLAN</identifier><language>eng</language><publisher>Oxford, UK: Blackwell Publishing Ltd</publisher><subject>Candidates ; Consumption ; Costs ; Election results ; Expected utility ; Hypotheses ; Ice cream ; Participation ; Presidential elections ; Social research ; Variables ; Vendors ; Voter behavior ; Voters</subject><ispartof>Kyklos (Basel), 1994-01, Vol.47 (2), p.197-207</ispartof><rights>Copyright Helbing &amp; Lichtenhahn Verlag AG 1994</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c5387-bb6e9e51cebf8620a38029c21507aff8e3467977b0f0345dba7c52c1f0b2a1ca3</citedby><cites>FETCH-LOGICAL-c5387-bb6e9e51cebf8620a38029c21507aff8e3467977b0f0345dba7c52c1f0b2a1ca3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27924,27925,33223</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/blakyklos/v_3a47_3ay_3a1994_3ai_3a2_3ap_3a197-207.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>GUTTMAN, JOEL M.</creatorcontrib><creatorcontrib>HILGER, NAFTALI</creatorcontrib><creatorcontrib>SHACHMUROVE, YOCHANAN</creatorcontrib><title>Voting as Investment vs. Voting as Consumption: New Evidence</title><title>Kyklos (Basel)</title><description>Economists have long been puzzled by the fact that people vote in elections even though their influence on the electoral outcome is infinitesimal and they can 'free ride' on the voting of voters favoring the same candidate. This well-known 'paradox of voting' assumes that people vote as an investment in the electoral outcome. The authors develop a new test of the hypothesis that voting is a form of investment, as opposed to the alternative hypothesis that voting is a form of consumption. Their empirical results suggest that voting is a form of consumption, implying that the paradox of voting may be exaggerated. Copyright 1994 by WWZ and Helbing &amp; Lichtenhahn Verlag AG</description><subject>Candidates</subject><subject>Consumption</subject><subject>Costs</subject><subject>Election results</subject><subject>Expected utility</subject><subject>Hypotheses</subject><subject>Ice cream</subject><subject>Participation</subject><subject>Presidential elections</subject><subject>Social research</subject><subject>Variables</subject><subject>Vendors</subject><subject>Voter behavior</subject><subject>Voters</subject><issn>0023-5962</issn><issn>1467-6435</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1994</creationdate><recordtype>article</recordtype><sourceid>8BJ</sourceid><recordid>eNqVkMtu2zAQRYkiBeo8_kFw11KGpEiaQYEiMRLXsZFumgRdDSiGauWHpIiyY_99actwV1mEwHAAzr2Hg0tIn0JCw7mcJTSVKpYpFwnVOk3aDBgTItl8Ir3j6IT0ABiPhZbsCzn1fgYAVCrVI9-eqrYo_0TGR-Ny7Xy7dGUbrX0S_R8Mq9KvlnVbVOVV9ODeott18eJK687J59wsvLs49DPyeHf7a_gjnv4cjYfX09gKPlBxlkmnnaDWZflAMjB8AExbRgUok-cDx8OiWqkMcuCpeMmMsoJZmkPGDLWGn5F-x62b6nUVlsRZtWrK8CUyyqlItdJB9PU9EWVaCy6okEF11alsU3nfuBzrpliaZosUcBcpznCXG-5yw12keIgUN8F835kbVzt7dGYLM9_OF5XHNXKTqnBtQ-3N3BShWKh6_6SQgcK_7TLAvnewt2Lhth9YAye_J9NACoS4IxS-dZsjwTRzlIorgc8PIwQ5mY6G_AaB_wOOuqTM</recordid><startdate>19940101</startdate><enddate>19940101</enddate><creator>GUTTMAN, JOEL M.</creator><creator>HILGER, NAFTALI</creator><creator>SHACHMUROVE, YOCHANAN</creator><general>Blackwell Publishing Ltd</general><general>Wiley Blackwell</general><general>Kyklos Verlag</general><scope>BSCLL</scope><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>FMSEA</scope><scope>HAGHG</scope><scope>IZSXY</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>19940101</creationdate><title>Voting as Investment vs. Voting as Consumption: New Evidence</title><author>GUTTMAN, JOEL M. ; HILGER, NAFTALI ; SHACHMUROVE, YOCHANAN</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c5387-bb6e9e51cebf8620a38029c21507aff8e3467977b0f0345dba7c52c1f0b2a1ca3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1994</creationdate><topic>Candidates</topic><topic>Consumption</topic><topic>Costs</topic><topic>Election results</topic><topic>Expected utility</topic><topic>Hypotheses</topic><topic>Ice cream</topic><topic>Participation</topic><topic>Presidential elections</topic><topic>Social research</topic><topic>Variables</topic><topic>Vendors</topic><topic>Voter behavior</topic><topic>Voters</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>GUTTMAN, JOEL M.</creatorcontrib><creatorcontrib>HILGER, NAFTALI</creatorcontrib><creatorcontrib>SHACHMUROVE, YOCHANAN</creatorcontrib><collection>Istex</collection><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>Periodicals Index Online Segment 05</collection><collection>Periodicals Index Online Segment 12</collection><collection>Periodicals Index Online Segment 30</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - West</collection><collection>Primary Sources Access (Plan D) - International</collection><collection>Primary Sources Access &amp; Build (Plan A) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Midwest</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Northeast</collection><collection>Primary Sources Access (Plan D) - Southeast</collection><collection>Primary Sources Access (Plan D) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Southeast</collection><collection>Primary Sources Access (Plan D) - South Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - UK / I</collection><collection>Primary Sources Access (Plan D) - Canada</collection><collection>Primary Sources Access (Plan D) - EMEALA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - South Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - International</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - International</collection><collection>Primary Sources Access (Plan D) - West</collection><collection>Periodicals Index Online Segments 1-50</collection><collection>Primary Sources Access (Plan D) - APAC</collection><collection>Primary Sources Access (Plan D) - Midwest</collection><collection>Primary Sources Access (Plan D) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Canada</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - EMEALA</collection><collection>Primary Sources Access &amp; Build (Plan A) - APAC</collection><collection>Primary Sources Access &amp; Build (Plan A) - Canada</collection><collection>Primary Sources Access &amp; Build (Plan A) - West</collection><collection>Primary Sources Access &amp; Build (Plan A) - EMEALA</collection><collection>Primary Sources Access (Plan D) - Northeast</collection><collection>Primary Sources Access &amp; Build (Plan A) - Midwest</collection><collection>Primary Sources Access &amp; Build (Plan A) - North Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - Northeast</collection><collection>Primary Sources Access &amp; Build (Plan A) - South Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - Southeast</collection><collection>Primary Sources Access (Plan D) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - APAC</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - MEA</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Kyklos (Basel)</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>GUTTMAN, JOEL M.</au><au>HILGER, NAFTALI</au><au>SHACHMUROVE, YOCHANAN</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Voting as Investment vs. Voting as Consumption: New Evidence</atitle><jtitle>Kyklos (Basel)</jtitle><date>1994-01-01</date><risdate>1994</risdate><volume>47</volume><issue>2</issue><spage>197</spage><epage>207</epage><pages>197-207</pages><issn>0023-5962</issn><eissn>1467-6435</eissn><coden>KYKLAN</coden><abstract>Economists have long been puzzled by the fact that people vote in elections even though their influence on the electoral outcome is infinitesimal and they can 'free ride' on the voting of voters favoring the same candidate. This well-known 'paradox of voting' assumes that people vote as an investment in the electoral outcome. The authors develop a new test of the hypothesis that voting is a form of investment, as opposed to the alternative hypothesis that voting is a form of consumption. Their empirical results suggest that voting is a form of consumption, implying that the paradox of voting may be exaggerated. Copyright 1994 by WWZ and Helbing &amp; Lichtenhahn Verlag AG</abstract><cop>Oxford, UK</cop><pub>Blackwell Publishing Ltd</pub><doi>10.1111/j.1467-6435.1994.tb02255.x</doi><tpages>11</tpages></addata></record>
fulltext fulltext
identifier ISSN: 0023-5962
ispartof Kyklos (Basel), 1994-01, Vol.47 (2), p.197-207
issn 0023-5962
1467-6435
language eng
recordid cdi_proquest_journals_213154979
source EconLit s plnými texty; EBSCOhost Business Source Ultimate; International Bibliography of the Social Sciences (IBSS)
subjects Candidates
Consumption
Costs
Election results
Expected utility
Hypotheses
Ice cream
Participation
Presidential elections
Social research
Variables
Vendors
Voter behavior
Voters
title Voting as Investment vs. Voting as Consumption: New Evidence
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-25T23%3A43%3A40IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Voting%20as%20Investment%20vs.%20Voting%20as%20Consumption:%20New%20Evidence&rft.jtitle=Kyklos%20(Basel)&rft.au=GUTTMAN,%20JOEL%20M.&rft.date=1994-01-01&rft.volume=47&rft.issue=2&rft.spage=197&rft.epage=207&rft.pages=197-207&rft.issn=0023-5962&rft.eissn=1467-6435&rft.coden=KYKLAN&rft_id=info:doi/10.1111/j.1467-6435.1994.tb02255.x&rft_dat=%3Cproquest_cross%3E1299535156%3C/proquest_cross%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c5387-bb6e9e51cebf8620a38029c21507aff8e3467977b0f0345dba7c52c1f0b2a1ca3%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=1299535156&rft_id=info:pmid/&rfr_iscdi=true