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April 25, 2024, 12:34:38 am
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Author Topic: Median voter theorem  (Read 531 times)  Share 

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TrueTears

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Median voter theorem
« on: June 07, 2010, 08:39:09 pm »
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Hi, for the median voter theorem, I understand the basic principles behind it however does the condition of "the median voter has less than the average income" must be satisfied in order for this model to work? If that condition is not satisfied does this model break down?

Thanks :)
« Last Edit: June 07, 2010, 08:40:41 pm by TrueTears »
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PhD @ MIT (Economics).

Interested in asset pricing, econometrics, and social choice theory.
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