EconPapers    
Economics at your fingertips  
 

Exogenous Shocks and Electoral Outcomes: Re-examining the Rational Voter Hypothesis

Kaustav Das (), Atisha Ghosh () and Pushkar Maitra
Additional contact information
Kaustav Das: University of Leicester
Atisha Ghosh: University of Warwick

No 2021-13, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: Voters are assumed to be irrational if they respond to shocks beyond the control of politicians. What if the politicians can respond to such shocks? Using a theoretical model, where shocks can either be responsive (allowing politicians to respond) or nonresponsive, we show that voters are irrational if non-responsive shocks affect electoral outcomes. We test this using data from the 1991 Indian parliamentary elections. In the middle of the election, the leader of the opposition was assassinated. We find that this affected the electoral outcomes indicating irrationality on the part of Indian voters.

Keywords: Voter rationality; Responsive shock; Non-Responsive Shock; Election Outcomes. (search for similar items in EconPapers)
JEL-codes: D72 H12 P16 (search for similar items in EconPapers)
Date: 2021-10
New Economics Papers: this item is included in nep-cdm, nep-ore and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://monash-econ-wps.s3-ap-southeast-2.amazonaws ... s/moswps/2021-13.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mos:moswps:2021-13

Ordering information: This working paper can be ordered from
https://www.monash.e ... esearch/publications

Access Statistics for this paper

More papers in Monash Economics Working Papers from Monash University, Department of Economics Department of Economics, Monash University, Victoria 3800, Australia. Contact information at EDIRC.
Bibliographic data for series maintained by Simon Angus ().

 
Page updated 2024-05-26
Handle: RePEc:mos:moswps:2021-13