election, and a Condorcet losing candidate wins with positive probability. Finally, some candidates who reach the second round …

political selection. Overall, we conclude that voters select more competent politicians when they face uncertainty about the …

year of a gubernatorial election, the elasticity of investment to the eventual margin of victory is 0.027. Both the …

particularly susceptible to political uncertainty. I use term limits as an IV for election closeness. Because close elections are …. Post-election rebounds in investment depend on whether an incumbent is re-elected. Finally, I provide evidence that firms …

. Loans made to firms headquartered in election states are more likely to include contingency-pricing provisions and financial …-rate contingencies in pricing grids. The use of rate-increasing grids increases significantly in election years for the firms with …