We find that in contrast to the stock market, which performs better during Democratic presidencies, “sin” stocks — publicly traded producers of tobacco, alcohol, and gaming — perform better during Republican presidencies and even more so when the Republican presidency is accompanied by a...

2015 first using an auto-regressive distributed lag (ARDL) model and then allowing for asymmetric adjustment by adapting NARDL panel estimation techniques. After finding evidence of asymmetry at the party level, the NARDL results uncover two new stylized facts for ENP at the national party...

We consider alternative methods of measuring the competitiveness of a majoritarian electoral system in the context of an analysis of Indian State elections. Our analysis highlights a number of weaknesses in the construction and interpretation of commonly used measures such as the effective...