endogenized, the smaller group will always act prior to the bigger group. Competition between the groups is in this way weakened …

I study how political competition affects the feasibility of free trade agreements (FTAs). I show that the possibility …

unilaterally, but faces competition from a political opponent in the future. Both parties care about voters payoffs, but they have … endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition …

unilaterally, but faces competition from a political opponent in the future. Both parties care about voters payoffs, but they have … endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition …

We develop a tractable theory to study the impact of biased media on election outcomes, voter turnout and welfare. News … rise in media bias affects the election outcome in a non-monotonic way, and reduces voter welfare by decreasing the … systematically shift the election outcome and voter turnout in either direction, but it weakly improves voter welfare. The impact of …

I show that lobbying generates negative externalities, which affect non-lobbying companies. When a piece of new … legislation passes in Congress, non-lobbying companies in aggregate lose $1.9bn in market value. I obtain this result using a … novel dataset combining comprehensive information on corporate lobbying activity with congressional activity on bills. To …