We examine the effects of party platforms on the economic opportunities of firms using a unique data set from a political prediction market in Taiwan, a country with two dominant parties whose political cleavage derives mainly from a single issue: the "One China Principle". We find that during...

We examine the effects of party platforms on the economic opportunities of firms using a unique data set from a political prediction market in Taiwan, a country with two dominant parties whose political cleavage derives mainly from a single issue: the “One China Principle”. We find that...

Razin, Sadka, and Swagel [Razin, Asaf, Efraim Sadka, and Phillip Swagel (2002) "The Aging Population and the Size of the Welfare State" The Journal of Political Economy, vol. 110, no. 4, pp. 900-918.] unveil a puzzling fact: the welfare state appears to be shrinking even as the dependency ratio...