Abstract
The article offers a new solution to one of the major puzzles facing the public choice‐paradigm: the ‘Paradox of not voting’. Utilizing a principal‐agent model, I argue that voting may be regarded as a rational investment decision:notan investment in a particular electorial outcome, but in a type ofreputationwhich the individual is interested in maintaining when carrying out his/her everyday activities. This solution not only solves the paradox, but may also provide a bridge between adherents of the public choice‐paradigm and scholars who advocate ‘sociological’ approaches to political behaviour.

This publication has 35 references indexed in Scilit: