Can protests cause political change, or are they merely symptoms of underlying shifts in policy preferences? We address this question by studying the Tea Party movement in the United States, which rose to prominence through coordinated rallies across the country on Tax Day, April 15, 2009. We...

Can protests cause political change, or are they merely symptoms of underlying shifts in policy preferences?

In this paper, we estimate the size of the externalities produced by big-box retail stores for other establishments and explore the effect of the externalities on local government policy.

We document the tight link between increased levels of economic and policy uncertainty and unemployment at the state-level during the 2007-2009 recession.

In this paper, we estimate the size of the externalities produced by big-box retail stores for other establishments and explore the effect of the externalities on local government policy.

We document the tight link between increased levels of economic and policy uncertainty and unemployment at the state-level during the 2007-2009 recession.

Can protests cause political change, or are they merely symptoms of underlying shifts in policy preferences?

We propose a model of voter decision-making in proportional representation systems: ultra-rational strategic voters construct expectations of coalitions and policy outcomes based on expected seat distributions and vote to maximize their expected utility from the implemented policy.

Can access to regulators provide operational benefits to firms?

We describe the broad range of uncertainties faced by the developers of medical technologies. Empirically, we estimate the asset market incidence of the realization  of two such of uncertainties experienced by the biotechnology firm Myriad Genetics, Inc.