Direct democracy in Australia: Voter behavior in the choice between constitutional monarchy and a republic |
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Authors: | Sinclair Davidson Tim RL Fry Kelly Jarvis |
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Institution: | aSchool of Economics, Finance and Marketing, RMIT University, GPO Box 2476V, Melbourne, Victoria 3001, Australia;bDepartment of Economics, The University of Melbourne, Parkville, Victoria 3010, Australia |
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Abstract: | Opinion polls conducted throughout the 1990s indicate most Australians favor a republic. A referendum making that constitutional change, however, was defeated. This paper investigates whether voters employ a loss-minimization rule, as opposed to a value-maximization rule, when making political decisions. Based on the predictions of each rule, political strategies are devised and compared to the official arguments employed by republicans and monarchists during the period preceding the vote. Empirical research relates voting outcomes at the individual voter level to influences that are likely to be correlated with political risk aversion. The results are consistent with the conclusion that voters do not employ value-maximization rules. |
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Keywords: | Referendum Constitution Voting Australia |
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