Penn EM. A Model of Farsighted Voting. American Journal of Political Science. 2007.
Abstract:I present a new method of interpreting voter preferences in settings where policy remains in effect until replaced by new legislation. In such settings voters consider not only the utility they receive from a given policy today, but also the utility they will receive from policies likely to replace that policy in the future. The model can be used to both characterize long-term preferences and distributions over policy outcomes in situations where policy is ongoing and voters are farsighted.