There’s an entire field of economics called “public choice” that analyzes the (largely perverse) incentive structures of politicians and bureaucrats.
But is economic analysis also helpful to understand voting and elections?
In the past, I’ve suggested that political betting markets are a useful place to start since “you are seeing estimates based on people defending their views with cold, hard cash.”
In his Bloomberg column, Professor Tyler Cowen takes a more rigorous look at the potential insights of political betting markets.
There are also people who build models that predict elections based largely on economic factors.
The Washington Post just published a very interesting review of how three of these models show Trump comfortably winning.