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-run and (ii) experts’ uncertainty increased after the election. Our results suggest that exceptional politicians influence …
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individual-level attitudes, we present two hypotheses for why citizens might be willing to cast ballots for corrupt politicians … corruption when politicians otherwise perform well in office, delivering public goods to their constituents. We test these … express a willingness punish corrupt politicians, regardless of politician performance. High income voters form a partial …
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We show that stock prices underreact when there is a political event, reflected in higher momentum returns. We conjecture that political news crowds out stock news cause investors to distract, trade more indexes and underreact to firm specific news. We analyze momentum returns following general...
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Building on the large and growing empirical literature on the political behavior of individuals in low income countries, this Chapter seeks to understand corruption through the lens of political economy – particularly in terms of the political and economic differences between rich and poor...
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Henrik Enderlein, Hertie School of Governance, Berlin, befürchtet, dass die Erwartungen, die mit der Wahl Barack Obamas zum neuen US-Präsidenten verknüpft sind, zu hoch seien. Obama erbe mit seinem Amtsantritt eine kaum zu bewältigende ökonomische Herausforderung, so dass die...
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