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              <p>Abstract This study presents the results from a series of conjoint experiments evaluating how the various components of political systems affect citizens’ satisfaction with democracy (SWD). Compared to earlier studies, our approach is unique in that we were able to disentangle the effects of otherwise highly collinear variables corresponding to three defining features of any political system, namely (1) access to power, (2) the policy‐making process and (3) performance. We fielded identical conjoint experiments in countries with significant variations across the key independent variables: France, Hungary and Italy. Overall, our study supports the view that citizens are more satisfied with democracy in consensus systems than in majoritarian democracies, while it also contributes to identifying the respective weight of the specific components of political systems. Respondents across all countries recognize that proportionality and party system fragmentation magnify their voices by creating a more representative political climate. With regard to output legitimacy, we find that respondents identify good economic performance and public probity as important features of a well‐performing democracy. The positive effect of the legislators’ constituency orientation on SWD is a particularly noteworthy result that is currently understudied in the literature. Moreover, the state of the economy has by far the biggest impact on SWD, which indicates a highly materialistic view of democracy in all three countries.</p>
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