Crain, W Mark; Messenheimer, Harold C; Tollison, Robert D - In: The Review of Economics and Statistics 75 (1993) 4, pp. 683-89
Economic models of politics typically use the expected value of a candidate's vote share to proxy electoral probability. In this paper, the authors introduce a risk calculation to augment the evaluation of a candidate's (or party's) expected vote share and they divide this risk element into its...