We study how anti-fascism during Mussolini's dictatorship in Italy affects support for right-wing parties at 1948-2022 democratic elections. Using newly-digitized historical data, we construct a measure of anti-fascism from the universe of recorded regime opponents, and we resolve simultaneity...

Many studies exploit close elections in a regression discontinuity framework to identify partisan effects, i.e. the effect of having a given party in office on the outcome. We argue that, when conducted on single-member districts, such analysis may identify a compound effect: the partisan...

We examine why institutional investors vote the way they vote on director elections, using a novel dataset on voting rationales provided by institutional investors. We find that the most important reasons for opposing directors are board independence, board diversity, tenure, firm governance,...

Director elections are a key corporate governance mechanism, and attendance of board meetings is typically the only observable measure of individual director effort. However, little is known is about shareholder voting response to director absences. Using data on large UK public companies, we...

We generalize the standard, private values voting model with single-peaked preferences and incomplete information by introducing interdependent preferences. Our main results show how standard mechanisms that are outcome-equivalent and implement the Condorcet winner under complete information or...

This paper examines how a million Manchus, as a dominant minority, partly relied on a cross-ethnic personnel strategy to rule over 100 million Han Chinese for 267 years. Under this strategy, Han elites were appointed to handle daily administrative issues, on top of whom Manchu superiors were...

Environmental and social (ES) funds in non-ES families must balance incorporating the stakeholder's interests they advertise and maximizing shareholder value favored by their families. We find that these funds support ES proposals that are far from the majority threshold, while opposing them...

In the United States, electoral districts must be equipopulous. This requirement is known as the one man one vote doctrine. We propose welfare-based justifications for this requirement under the economic view, according to which voters care about the policy, and under the political view,...