In this paper we address the following question: To what extent is the hypothesis that voters vote quot;ideologicallyquot; (i.e., they always vote for the candidate who is ideologically quot;closestquot; to them) testable or falsifiable? We show that using data only on how individuals vote in a...

In this paper we address the following question: To what extent is the hypothesis that voters vote sincerely testable or falsifiable? We show that using data only on how individuals vote in a single election, the hypothesis that voters vote sincerely is irrefutable, regardless of the number of...

Since the chance of swaying the outcome of an election by voting is usually very small, it cannot be that voters vote solely for that purpose. So why do we vote? One explanation is that smarter or more educated voters have access to better information about the candidates, and are concerned with...

Infrequent but turbulent episodes of outright sovereign default on domestic creditors are considered a “forgotten history” in Macroeconomics. We propose a heterogeneous-agents model in which optimal debt and default on domestic and foreign creditors are driven by distributional incentives...

Bidders' risk attitudes have key implications for choices of revenue-maximizing auction formats. In ascending auctions, bid distributions do not provide information about risk preference. We infer risk attitudes using distributions of transaction prices and participation decisions in ascending...

This paper develops a unified approach to study participation and voting in multiple elections. The theoretical setting combines an quot;uncertain-voterquot; model of turnout with a spatial model of voting behavior. We apply our framework to the study of turnout and voting in U.S. presidential...

This paper develops a unified approach to study participation and voting in multiple elections. The theoretical setting combines an quot;uncertain-voterquot; model of turnout with a spatial model of voting behavior. We apply our framework to the study of turnout and voting in U.S. presidential...

In this paper, we propose a unified approach to study participation and voting in multiple elections. The theoretical framework combines an quot;uncertain-voterquot; model of turnout with a spatial model of voting behavior. We apply our framework to study turnout and voting in U.S. national...

In this paper we address the following questions: (i) To what extent is the hypothesis that voters vote sincerely testable or falsifiable? And (ii) in environments where the hypothesis is falsifiable, to what extent is the observed behavior of voters consistent with sincere voting? We show that...