|
|
|
|
||||
|
||||
We Want a Republic, God Save the Queen: An Australian Case Study in Democratic ChoiceSinclair Richard DavidsonRMIT University - School of Economics, Finance and Marketing Tim R.L. Fryaffiliation not provided to SSRN Kelly JarvisUniversity of Melbourne - Melbourne Institute of Applied Economic and Social Research March 2002 Abstract: The failure of the "Republic Referendum" in November 1999 highlights some issues that can be described as being paradoxical. Opinion polls indicate that most Australians favor a republic, however, the republicans lost the vote. This paper investigates whether voters employ a loss-minimization rule as opposed to a value-maximization rule when making political decisions. Based on the predictions of each rule, political strategies are devised and compared to the actual strategies employed by republicans and monarchists during the period preceding the vote. In addition, empirical work relates voting outcomes at both the electoral division level and the individual voter level to factors that are likely to be correlated with political risk aversion. The results are consistent with the notion that voters do not employ value-maximization rules.
Number of Pages in PDF File: 25 Keywords: Referendum, Constitution, Voting JEL Classification: D72 working papers seriesDate posted: March 24, 2002Suggested CitationContact Information
|
|
||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo4 in 0.922 seconds
