The VP-function revisited: a survey of the literature on vote and popularity functions after over 40 years

Nannestad and Paldam (Public Choice 79:213–245, <CitationRef CitationID="CR73">1994</CitationRef>) published herein an extremely influential review of the literature linking economics and elections, what they called the “VP functions.” In that work, they offered a number of conclusions, in proposition form, about the state of the evidence in this field. We present the key ones (16 in all), and assess the extent to which they continue to hold, in light of the new evidence about what has come to be known as economic voting. As shall be shown, Nannestad and Paldam were prescient in their early establishment of many of the principal results explaining how the economy moves the vote choice. Copyright Springer Science+Business Media New York 2013