Risk diversification and vote decisions in mixed-member electoral systems
Susumu Shikano () and
Erik S. Herron ()
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Susumu Shikano: University of Konstanz
Erik S. Herron: West Virginia University
Public Choice, 2025, vol. 204, issue 1, No 11, 203-219
Abstract:
Abstract This paper builds on the literature about mixed-member electoral systems, exploring how ballot design interacts with voter behavior. We present a theoretical model for vote decision-making in mixed-member systems that takes into account the interaction between both tiers. The model is grounded in a spatial model for vote decision-making under risk and inspired by the logic of portfolio diversification under risk. Accordingly, voters are modeled as risk-averse decision-makers who may prefer diversified vote packages (i.e. split-ticket) when party and candidate uncertainties are highly correlated. The risk diversification strategy abates when voters cast their votes sequentially. This finding provides a potential explanation for the impact of vote sequence in mixed-member systems, an under-investigated topic in the literature. It thus links the established literature on mixed-member systems with scholarship on ballot design and its effects. Additionally, the paper’s analysis explores the implications of combining the proposed model with the well-established wasted vote model.
Keywords: Mixed-member systems; Vote decision under uncertainty; Risk diversification; Vote sequence. (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:kap:pubcho:v:204:y:2025:i:1:d:10.1007_s11127-025-01301-5
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DOI: 10.1007/s11127-025-01301-5
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