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Voting on Public Goods : Citizens vs. Shareholders

Döttling, Robin; Levit, Doron Y.; Malenko, Nadya; … - National Bureau of Economic Research - 2024

technologies that increase investor diversification or enable pass-through voting have important implications for these trade …

Persistent link: https://www.econbiz.de/10014576634

The Voting Premium

Levit, Doron Y.; Malenko, Nadya; Maug, Ernst G. - National Bureau of Economic Research - 2023

This paper develops a unified theory of blockholder governance and the voting premium, in a setting without takeovers … and controlling shareholders. A voting premium emerges when a minority blockholder tries to influence the composition of … voting premium do not reflect the value of voting rights or voting power. A negative voting premium results from free …

Persistent link: https://www.econbiz.de/10014437023

The Comovement of Voter Preferences : Insights from U.S. Presidential Election Prediction Markets Beyond Polls

Chernov, Mikhail; Elenev, Vadim; Song, Dongho - National Bureau of Economic Research - 2025

We propose a novel time-series econometric framework to forecast U.S. Presidential election outcomes in real time by combining polling data, economic fundamentals, and political prediction market prices. Our model estimates the joint dynamics of voter preferences across states. Applying our...

Persistent link: https://www.econbiz.de/10015194984

A Different World : Enduring Effects of School Desegregation on Ideology and Attitudes

Kaplan, Ethan; Spenkuch, Jörg L.; Tuttle, Cody - National Bureau of Economic Research - 2025

In 1975, a federal court ordered the desegregation of public schools in Jefferson County, KY. In order to approximately equalize the share of minorities across schools, students were assigned to a busing schedule that depended on the first letter of their last name. We use the resulting...

Persistent link: https://www.econbiz.de/10015195011

The Causal Effects of Income on Political Attitudes and Behavior : A Randomized Field Experiment

Broockman, David E.; Rhodes, Elizabeth; Bartik, Alexander W. - National Bureau of Economic Research - 2024

We study the causal effects of income on political attitudes and behavior with a field experiment. In the experiment, a non-profit gifted 1,000 low-income Americans $1,000 per month for three years tax-free, and 2,000 control participants $50 monthly. Contrary to resource models of...

Persistent link: https://www.econbiz.de/10015145164

When Democracy Refuses to Die : Evaluating a Training Program for New Politicians

Dal Bó, Ernesto; Ferraz, Claudio; Finan, Frederico S.; … - National Bureau of Economic Research - 2024

We evaluate the effects of a program in Brazil that selects and trains new politicians, addressing three main challenges: selection bias from program screening, self-selection into candidacy, and the need to quantify the contributions of both selection and training in a holistic evaluation. Our...

Persistent link: https://www.econbiz.de/10015171654

Plata y Plomo : How Higher Wages Expose Politicians to Criminal Violence

Pulejo, Massimo; Querubín Borrero, Pablo - National Bureau of Economic Research - 2023

Adequate wages are an important tool to shield public officials from special interests and corruption. But what is the equilibrium effect of higher wages in the presence of criminal pressure groups, who use both bribes and violence? By means of a regression discontinuity design, we show that an...

Persistent link: https://www.econbiz.de/10014337819

Political Sentiment and Innovation : Evidence from Patenters

Engelberg, Joseph; Lu, Runjing; Mullins, William; … - National Bureau of Economic Research - 2023

We document political sentiment effects on US inventors. Democratic inventors are more likely to patent (relative to Republicans) after the 2008 election of Obama but less likely after the 2016 election of Trump. These effects are 2-3 times as strong among politically active partisans and are...

Persistent link: https://www.econbiz.de/10014337851

Corporate Social Responsibility and Voting over Public Goods

Samwick, Andrew; Wang, Sophie - National Bureau of Economic Research - 2023

This paper analyzes the impact of corporate social responsibility (CSR) on the total provision of public goods in a framework in which consumers who may make such voluntary contributions to public goods via CSR are also voters who decide on the level of taxes to finance publicly provided public...

Persistent link: https://www.econbiz.de/10014337865

Corporate Political Spending and State Tax Policy : Evidence from Citizens United

Slattery, Cailin R.; Tazhitdinova, Alisa; Robinson, Sarah - National Bureau of Economic Research - 2022

To what extent is U.S. state tax policy affected by corporate political contributions? The 2010 Supreme Court Citizens United v. Federal Election Commission ruling provides an exogenous shock to corporate campaign spending, allowing corporations to spend on elections in 23 states which...

Persistent link: https://www.econbiz.de/10013362006

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