The voter participation rate in the U.S. varies significantly from one region to another. At the state level, the percentage of the population that was eligible to vote and that actually did so ranged from a low of 33.5 percent (Texas) to a high of 62.1 percent (South Dakota). The purpose of...

This extension of the rational voter model differs from prior studies in three ways: its adoption of aggregate voting data; its use of data that are non-demographic in nature; and its use of data that are time series rather than cross section. The study finds that the aggregate voter participation...

Using quarterly data and dealing with the ex post real rates on three month U.S. Treasury bills and 20 year U.S. Treasury bonds, this empirical note has estimated an IS-LM based regression by 2SLS. The results indicate that the budget deficit raises the slope of the yield curve. Furthermore, to...

This theoretical note elaborates upon why it is a myth that YTM is viewed as only a promised but not really earned interest rate. It addresses some misconceptions in Shirnani and Wilbratte (2009) on what, between YTM and RCY, is a true rate of return of a coupon bond, why YTM is not just a...

This study empirically investigates the potential impact of political action committee (PAC) election campaign contributions and other factors on the aggregate voter participation rate in the United States. For the study period 1960-1998, the aggregate voter participation rate appears to have...

This note attempts to further elaborate why it is a myth that YTM is viewed as only a promised but not really earned interest rate. It addresses some misconceptions regarding what, between YTM and RCY, is a true rate of return of a coupon bond, why YTM is NOT just a “fictitious mathematical...

This study provides a simple interpretation and extension of the Rational Voter Model (RVM), one which enables students in Public Choice classes to easily understand its application in a real-world context. In doing so, the presentation identifies key aggregate-level economic and non-economic...