Public choice theory takes citizens as rationally ignorant about political issues, because the costs of being informed greatly exceed the utility individuals derive from it. The costs of information (supply side) as well as the utility of information (demand side), however, can vary...

Organized crime uses political violence to influence politics in a wide set of countries. This paper exploits a novel dataset of attacks directed towards Italian local politicians to study how (and why) criminal organizations use violence against them. We test two competing theories to predict...

Shareholder voting is a key part of contemporary American corporate governance. As numerous contemporary battles between corporate management and shareholders illustrate, voting has never been more important. Yet, traditional theory about shareholder voting, rooted in concepts of residual...

Higher economic growth was generated during Democratic presidencies compared to Republican presidencies in the United States. The question is why. Blinder and Watson (2016) explain that the Democratic-Republican presidential growth gap (D-R growth gap) can hardly be attributed to the policies...

How do corruption outcomes, such as the embezzlement of public funds, depend on the method by which public decision makers are selected? Through an experiment with 472 groups of citizens in Burkina Faso, this paper compares elected and randomly appointed leaders along three dimensions: The...

Boss or Dupe: The Voter in American Politics. In the woods, sometimes you eat the bear: sometimes the bear eats you. In politics, sometimes the voter is the boss; sometimes the voter is a dupe. The outcome is largely determined by the following fundamental principle of special-interest politics....

We model an overlapping-generations economy with two skill levels: skilled and unskilled. The welfare-state is modeled simply by a proportional tax on labor income to finance a demogrant in a balanced-budget manner. Therefore, some (the unskilled workers and old retirees) are net beneficiaries...

Martin and Quinn used item response theory based on the Markov-Chain-Monte-Carlo method to estimate justices’ locations on a one-dimensional scale. Their analysis has been received with interest and doubts by the legal community. This paper explores the Markov Chain Monte Carlo algorithm in...

Is electoral competition good for political selection? To address this issue, we introduce a theoretical model in which ideological parties select candidates between party loyalists and experts, and allocate them into the electoral districts. Non-ideological voters, who care about national and...

It is commonly argued in the media that a presidential candidate will be helped in a state by having a governor of the same party in office. However, there is little research to support this claim. To address this question we use a regression discontinuity design. The basic idea behind this is...