We consider a model where multiple principals repeatedly offer short-term contracts to three or more agents with private information. Under low discounting there exists a simple class of mechanisms that sustains all equilibrium allocations that could be generated by arbitrarily complex...

Our model considers a majority election between two candidates—an ideologue committed to a fixed policy and an idealist who implements the ex post choice of the majority. Voters are aware that their individual rankings of policies may change after the election according to common or...

We consider a model where multiple principals repeatedly offer short-term contracts to three or more agents with private information. Under low discounting there exists a simple class of mechanisms that sustains all equilibrium allocations that could be generated by arbitrarily complex...

This paper explores the role played by press regulation in selecting the information mass media deliver to voters. The focus is on whether press regulation can reduce political corruption and increase voters' welfare. By endogenizing the response of the voters to information from the media, we...

The majority runoff system is widely used around the world. Yet, our understanding of its properties and of voters’ behavior is limited. In this paper, we fully characterize the set of strictly perfect voting equilibria in large three-candidate majority runoff elections. Considering all...

We study an election with two perfectly informed candidates. Voters share common values over the policy outcome of the election, but possess arbitrarily little information about which policy is best for them. Voters elect one of the candidates, effectively choosing between the two policies...

I study a model of political agency where a media firm plays a monitoring role between the electorate and the politician. The analysis focuses on the design of a legal framework for the press such that corruption is minimized. I find that an antidefamation law punishing media that publish false...

This paper investigates a common criticism of competitive elections: candidates pander to voters and choose the most popular platform, regardless of it being optimal for the voters. I study an election with two perfectly informed candidates. Voters share common values over the policy outcome of...

We study an election with two perfectly informed candidates. Voters share common values over the policy outcome of the election, but possess arbitrarily little information about which policy is best for them. Voters elect one of the candidates, effectively choosing between the two policies...