Risk premia are significantly elevated during periods of democratization in a cross-country panel of equity data covering 85 countries over 200 years, despite little evidence of a negative effect on either realized or expected GDP and dividends. This result is explained in an asset pricing model...

This paper analyzes whether political outcomes in local democracies are determined by the preferences of the median - typically poor - agents or whether they reflect the wishes of the wealthy elites. A model shows that when politicians belonging to different groups can form coalitions, the...

This study was commissioned by the European Parliament's Policy Department for Citizens' Rights and Constitutional Affairs at the request of the Committee on Constitutional Affairs of the European Parliament. It analyses the political and legal dynamics behind referendums on EU-related matters....

This study was commissioned by the European Parliament's Policy Department for Citizens' Rights and Constitutional Affairs at the request of the Committee on Constitutional Affairs of the European Parliament. It analyses the political and legal dynamics behind referendums on EU-related matters....

This study has been prepared by the Amsterdam School of Communication Research (ASCoR), part of the Faculty of Social and Behavioural Sciences, University of Amsterdam (UvA). It comprises 1) an up-to-date inventory of party finance rules within the EU Member States, 2) an overview of the...

This study has been prepared by the Amsterdam School of Communication Research (ASCoR), part of the Faculty of Social and Behavioural Sciences, University of Amsterdam (UvA). It comprises 1) an up-to-date inventory of party finance rules within the EU Member States, 2) an overview of the...

This study has been prepared by the Amsterdam School of Communication Research (ASCoR), part of the Faculty of Social and Behavioural Sciences, University of Amsterdam (UvA). It comprises 1) an up-to-date inventory of party finance rules within the EU Member States, 2) an overview of the...

This study has been prepared by the Amsterdam School of Communication Research (ASCoR), part of the Faculty of Social and Behavioural Sciences, University of Amsterdam (UvA). It comprises 1) an up-to-date inventory of party finance rules within the EU Member States, 2) an overview of the...