This paper develops a model where rational economic agents face uncertainty regarding the timing of elections and which party will emerge victorious should an election occur. This electoral uncertainty affects the macroeconomy, where the size and direction of the impacts are dependent on the...

This paper presents a model in which voters attempt to balance the ideological positions of their Senate representatives. Candidate positions are determined endogenously through a primary system. The median voter theorem is applied in each election to determine winning platforms based on voter...

The Variable Rational Partisan Business Cycle model is developed, where agents face uncertainty regarding the timing and outcome of the next election. The model predicts that partisan influences on the economy persist throughout the government's rule and are further influenced, in the opposite...

Convergence tests are performed on state-level turnout rates for U.S. presidential elections from 1896 to 2004. The degree of dispersion in turnout has steadily declined since 1940, suggestive of general overall convergence taking place. Individually, it is found that 29 of the 48 continental...