"One of the hardest parts of being a leader is handling disagreements about values. The skills required to do this are increasingly important in polarized societies where there is pressure for businesses and organizations to have a sense of purpose and "do the right thing." Our book helps...

As societies become more polarized, there is increasing pressure for business leaders to have a sense of purpose and to make moral decisions. Being a good leader requires both a keen understanding of the realities of human decision making as well as an analysis of what is right and wrong. This...

We analyze a model of policymaking in which only one actor, e.g., a bureaucratic agency or a well-funded interest group, has the capacity to develop high-quality policy proposals. By virtue of her skills, this actor has an effective monopoly on policy development and thus can craft proposals...

In political organizations, the process of developing new policies often involves competing policy entrepreneurs who make productive investments to make their proposals more appealing to decisionmakers. We analyze how entrepreneurs' extremism and costs of crafting high-quality proposals affect...

This paper explores firms’ strategic options when their investments are subject to the threat of government expropriation. I develop a simple hold-up model of political risk. In the model, a firm decides whether to invest and then the government decides whether to expropriate the firm’s...

We present a model of policy development in which competing factions have different ideologies, yet agree on certain common objectives. Policy developers can appeal to a decision maker by making productive investments to improve the quality of their proposals. These investments are specific to a...

Abstract We assess whether racial redistricting increases the number of Southern representatives to the left of the US House median. Our results, which are based on Monte Carlo simulations and an alternative measure of representatives’ preferences, are generally null findings. The data do not...